Reading the reports

Chapter 12

Every report is calculated from the ledger the moment you open it. There is no "generate" step and nothing to refresh — if a document was posted a minute ago, it is already included.

When you want to know	Open
Are the books balanced?	Trial balance
Did we make money, and on what?	Income statement
What are we worth?	Balance sheet
Where did the cash go?	Cash flow
Who owes us, and how late?	AR aging
Who do we owe?	AP aging
Everything on one account	General ledger
Today's cash in and out	Cash book
What is due to the VAT authority	VAT return
How each department or project did	P&L by dimension

Rows drill down — click through to the entries behind a figure rather than wondering where it came from. Most reports export to CSV or Excel from the top of the screen.