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accounting_ch_13-financial_reporting [2019/01/23 16:13]
kcifreo 		accounting_ch_13-financial_reporting [2019/01/30 13:04]
kcifreo
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 ===== Key Reports ===== ===== Key Reports =====
  
-=== Income Statement/Profit and Loss Statement ===+**Income Statement/Profit and Loss Statement**
  
 This report will show the net income of the company in a chosen date range by taking the income account totals and subtracting the expense account totals. This report will show the net income of the company in a chosen date range by taking the income account totals and subtracting the expense account totals.
  
-incomestatement.jpg_width552_height349_captionincome_statement_report+{{:incomestatement.jpg?nolink&}}
  
   * Heading - Company information such as logo, address, phone, etc.   * Heading - Company information such as logo, address, phone, etc.
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   * Net Income - Total of all income less all expenses   * Net Income - Total of all income less all expenses
  
-=== Balance Sheet ===+**Balance Sheet**
  
 The purpose of this section is to explain the financial treatment of Earnings in Control. Cyrious uses two system accounts, **Current Earnings**  and **Retained Earnings**. Current earnings reflect the earnings in Control since the last yearly closeout. Retained Earnings reflect all earnings in Control //prior//  to the last yearly closeout. The purpose of this section is to explain the financial treatment of Earnings in Control. Cyrious uses two system accounts, **Current Earnings**  and **Retained Earnings**. Current earnings reflect the earnings in Control since the last yearly closeout. Retained Earnings reflect all earnings in Control //prior//  to the last yearly closeout.
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 |**Inventory** ||   ||60|| |**Inventory** ||   ||60||
  
-If this were the only transaction for the day, our (simplified) Income Statement would look like: \\+If this were the only transaction for the day, our (simplified) Income Statement would look like:
  
 |**Income** ||$100|| |**Income** ||$100||
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 |**Net Profit** ||$40|| |**Net Profit** ||$40||
  
-The net profit on this particular day would be $40. \\ A sample of the balance changes would be: \\+The net profit on this particular day would be $40. \\ A sample of the balance changes would be:
  
 | ||__Debit__ ||__Credit__   || | ||__Debit__ ||__Credit__   ||
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 This report shows a summary of the company's assets, liabilities, and equity in a chosen date range. This report shows a summary of the company's assets, liabilities, and equity in a chosen date range.
  
-balancesheetreport.jpg_aligncenter_captionbalance_sheet_report+{{:balancesheetreport.jpg?nolink&}}
  
   * Heading - Company information, such as logo, address, phone, etc.   * Heading - Company information, such as logo, address, phone, etc.
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   * Balance - Balance of each account as of the date of the report   * Balance - Balance of each account as of the date of the report
  
-=== Trial Balance Report ===+**Trial Balance Report**
  
 This will show a detailed listing of all income and expenses by category of chart of accounts. This will show a detailed listing of all income and expenses by category of chart of accounts.
  
-trialbalancereport.jpg_aligncenter_captiontrial_balance_report+{{:trialbalancereport.jpg?nolink&}}
  
   * Heading - Company information such as logo, address, phone, etc.   * Heading - Company information such as logo, address, phone, etc.
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   * Credit - The transaction is considered a Credit   * Credit - The transaction is considered a Credit
  
-=== Statement of Cash Flows Report ===+**Statement of Cash Flows Report**
  
 This report will show the company's cash position over a period of time, by taking the net income and subtracting the changes in assets (operating activities) and changes in liabilities and equity (financing activities). This report will show the company's cash position over a period of time, by taking the net income and subtracting the changes in assets (operating activities) and changes in liabilities and equity (financing activities).
  
-statementofcashflowsreport.jpg_aligncenter_captionstatement_of_cash_flows_report+{{:statementofcashflowsreport.jpg?nolink&}}
  
   * Heading - Company information such as logo, address, phone, etc.   * Heading - Company information such as logo, address, phone, etc.
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   * Date Range - Start and end date of the report   * Date Range - Start and end date of the report
  
-=== GL Account Listing ===+**GL Account Listing**
  
 This will show a summarized list of all GL accounts used by your company. This will show a summarized list of all GL accounts used by your company.
  
-gllistingsummaryreport.jpg_aligncenter_captiongl_listing_summary_report+{{:gllistingsummaryreport.jpg?nolink&}}
  
   * Heading - Company information such as logo, address, phone, etc.   * Heading - Company information such as logo, address, phone, etc.
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   * Export Name - Alternate name used for mapping this account into another accounting program   * Export Name - Alternate name used for mapping this account into another accounting program
  
-=== Print Journal Entry Detail Report ===+**Print Journal Entry Detail Report**
  
 This will show a detailed list of all GL accounts used by your company in a chosen date range. This will show a detailed list of all GL accounts used by your company in a chosen date range.
  
-gllistingdetailreport.jpg_aligncenter_captiongl_listing_detail_report+{{:gllistingdetailreport.jpg?nolink&}}
  
 This report's information is grouped by account type. This report's information is grouped by account type.
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 ===== Periodic Tasks ===== ===== Periodic Tasks =====
  
-=== Backup ===+**Backup**
  
 A not-so old proverb says, "In the long run there are two types of computer users in the world; those who back up and those who wished they did." Cyrious Control provides an easy mechanism to backup your data on a daily, weekly, or monthly basis. A not-so old proverb says, "In the long run there are two types of computer users in the world; those who back up and those who wished they did." Cyrious Control provides an easy mechanism to backup your data on a daily, weekly, or monthly basis.