Your reports
Read your income statement, balance sheet and cash flow, choose the period, and open any line to see what is in it.
Open your reports
Choose Reports in the menu. The tabs across the top are Income Statement (Income on a phone), Balance Sheet, Cash Flow, Balances and Assets. Command also have Receivables and Payables.
Pick the period from the dropdown: Year to Date, Last Year, Q1 to Q4, Last Month, or Custom for your own dates.
What your reports include
Reports show business transactions that are in your books. Personal transactions and transfers between your own accounts are left out, and so is anything still waiting for your review. If a number looks low, check Review first.
Income Statement
Your profit and loss for the period: Income and Total Income, Expenses and Total Expenses, then Net Profit (or Net Loss).
- Click a line to see the transactions in it, and fix any of them right there. Back to Income Statement returns you.
- The % button shows each line as a percentage of your total income.
- On a computer you can also view it By month.
- A small badge marks a line that changed a lot from the period before; tap it to see why.
Balance Sheet
What the business has and owes: Assets, Liabilities and Equity, each with a total. It shows your balances as of today, whichever period is picked.
- Click an account to open it. Retained Earnings takes you to the Income Statement.
- A badge says whether it balances. While new transactions are still going into your books, it says it is still updating.
Cash Flow
Where your cash came from and went: Operating, Investing and Financing activities, then the net change in cash with your beginning and ending balance. Each section starts as one line; tap it to see what is inside. Cash Flow is on Co-Pilot and Command.
Balances and Assets
- Balances
- Each of your bank, card and loan accounts with its balance in your books.
- Assets
- Purchases over $2,500 that might be equipment or other assets. Choose Add to asset list or Not an asset. The list is for your tax professional at year end and does not change your books. On Co-Pilot and Command.
On your phone
The iPhone app has a Reports screen with Summary, P&L, Balance and Cash Flow for this year. Other periods, exports and the tabs above are on the web.