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Financial Reports

Financial reports are records about an organization's financial results, financial position, and cash flows. These reports will ensure the accuracy of accounting and are used by government agencies, accountants and firms for tax, financing, or investing purposes. Profit and loss, balance sheet, trial balance and cash flow reports are important financial reports generated by Account Mitra. Our accounting software presents these reports in a structured manner that can easily understand.


Profit and Loss

The profit and loss report will indicate the total income and total expense of an organization in a specific time period. Account Mitra will create this report based on the income and expense, for understanding the net profit or loss of an organization.

The steps for accessing profit and loss report in Account Mitra is listed below.

Step 1 :Go to Financial Reports and select Profit and Loss.

Step 2 :Select the time period(From and To dates) and click the button Refresh.

Step 3 :The generated profit and loss report can be exported by clicking the Export button.


Balance Sheet

The Balance Sheet is a statement of net worth or a statement of financial position. This financial report deals with assets, liabilities, and capital of a business or other organization during a specific period.

The Steps for generating the Balance Sheet report is listed below.

Step 1 :Go to Financial Reports and select the Balance Sheet.

Step 2 :Select the time period(From and To dates) and click the button Search.

Step 3 :The generated Balance sheet report can be exported by clicking the Export button.


Trial Balance

A Trial Balance report is a record that balances all the general ledger accounts during a specific period. This report presents the credits and debits of all ledger accounts in two columns and the total of these two columns will be equal if no mathematical error occurred.

The Steps for generating the Trial Balance report is listed below.

Step 1 :Go to Financial Reports and select the Trial Balance.

Step 2 :Select the time period(From and To dates) and click the button Search.

Step 3 :The generated Trial Balance report can be exported by clicking the Export button


Cash Flow Report

A Cash flow report deals with the flow of cash in and out of the business. This is a statement about cash generated and spend during a financial period. Account Mitra helps you to prepare cash flow reports depending on the type of transaction(cash/bank/petty cash).

Following are the steps for generating Cash flow reports.

Step 1 :Go to Financial Reports and select the Cash Flow Report.

Step 2 :Select the type of transaction(from the dropdown menu on the top left), time period(From and To dates) and then click the button Search.

Step 3 :The generated Cash Flow report can be exported by clicking the Export button.


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