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Financial Reports Overview

This section explains how Fiskl's reporting system helps you generate professional financial reports, analyze business performance, and make informed decisions.

Why Use Fiskl Reports?​

Fiskl's reporting system provides real-time financial insights with professional reports that update automatically as you record transactions. From standard accounting reports to specialized business analytics, Fiskl delivers the visibility you need.

Key benefits:

  • Real-time report updates as transactions occur
  • Multi-currency reporting with automatic conversion
  • Flexible date ranges and comparison periods
  • Export to PDF, Excel, and CSV formats
  • Drill-down to transaction details
  • Customizable grouping and filtering
  • Professional formatting for stakeholders

Core Financial Reports​

Fiskl provides essential financial statements required for business management and compliance.

Profit and Loss Report​

Track revenue, expenses, and profitability over any time period to understand business performance.

What it shows:

  • Revenue from all sources
  • Cost of sales and gross profit
  • Operating expenses by category
  • Operating profit and net profit
  • Period-over-period comparisons

Key components:

  • Revenue (income from business activities)
  • Cost of Sales (direct costs of goods/services)
  • Gross Profit (revenue minus cost of sales)
  • Operating Expenses (business running costs)
  • Net Profit or Loss (final profitability)

Best for:

  • Monthly performance reviews
  • Tax preparation and filing
  • Budget variance analysis
  • Investor and lender reporting
  • Strategic planning decisions

Learn more: Profit and Loss Report

Balance Sheet Report​

View your financial position at any point in time showing assets, liabilities, and equity.

What it shows:

  • Assets (what you own)
  • Liabilities (what you owe)
  • Equity (owner's stake)
  • Financial position snapshot
  • Accounting equation verification

Key components:

  • Current Assets (cash, receivables, inventory)
  • Long-term Assets (property, equipment, investments)
  • Current Liabilities (payables, short-term debt)
  • Long-term Liabilities (loans, mortgages)
  • Owner's Equity (capital, retained earnings)

Follows accounting equation: Assets = Liabilities + Equity

Best for:

  • Loan applications
  • Financial health assessment
  • Liquidity and solvency analysis
  • Year-end financial statements
  • Investor presentations

Learn more: Balance Sheet Report

Statement of Cash Flows​

Monitor cash movements across operating, investing, and financing activities.

What it shows:

  • Cash from operations
  • Cash from investments
  • Cash from financing
  • Net change in cash position
  • Beginning and ending cash balances

Three activity categories:

  • Operating Activities: Day-to-day business operations
  • Investing Activities: Asset purchases and sales
  • Financing Activities: Loans, equity, and distributions

Best for:

  • Cash flow management
  • Liquidity planning
  • Investment decision-making
  • Working capital analysis
  • Growth planning

Learn more: Statement of Cash Flows

General Ledger Report​

Access detailed transaction-level data with flexible grouping and multi-currency views.

What it shows:

  • All financial transactions
  • Transaction details by account
  • Multi-currency amounts
  • Exchange rate information
  • Running balances

Powerful features:

  • Multiple currency views (original, account, base)
  • Flexible grouping options
  • Drill-down to source documents
  • Date range filtering
  • Account-level detail

Best for:

  • Transaction verification
  • Account reconciliation
  • Audit preparation
  • Detailed financial analysis
  • Multi-currency tracking

Learn more: General Ledger Report

Trial Balance Report​

Verify accounting accuracy with a summary of all account balances.

What it shows:

  • All account balances
  • Debit and credit totals
  • Balance verification
  • Account classification
  • Opening and closing balances

Purpose:

  • Verify debits equal credits
  • Catch posting errors
  • Prepare for financial statements
  • Month-end closing verification
  • Account balance review

Learn more: Trial Balance Report

Operational Reports​

Monitor day-to-day business operations with specialized reports.

Client Aging Report​

Track outstanding invoices and accounts receivable by aging period.

What it shows:

  • Outstanding invoices by client
  • Aging buckets (Current, 30, 60, 90+ days)
  • Total receivables by client
  • Overdue amounts highlighted
  • Payment trends

Best for:

  • Collections management
  • Cash flow forecasting
  • Client credit assessment
  • Accounts receivable monitoring
  • Payment follow-up prioritization

Learn more: Client Aging Report

Statement of Accounts​

Generate client-specific statements showing transaction history and balances.

What it shows:

  • Client transaction history
  • Invoice details and status
  • Payment applications
  • Current balance owed
  • Date range customization

Best for:

  • Client communications
  • Payment requests
  • Dispute resolution
  • Account reconciliation with clients
  • Regular client reporting

Learn more: Statement of Accounts

Transactions by Account​

Analyze transaction activity within specific ledger accounts.

What it shows:

  • All transactions for selected accounts
  • Transaction dates and amounts
  • Reference information
  • Running balance
  • Source document links

Best for:

  • Account reconciliation
  • Expense analysis
  • Revenue tracking
  • Budget comparison
  • Anomaly identification

Learn more: Transactions by Account

Tax and Compliance Reports​

Generate reports for tax filing and regulatory compliance.

Sales Tax Report​

Track tax collected and owed with detailed tax transaction reporting.

What it shows:

  • Tax collected by rate
  • Tax owed by jurisdiction
  • Taxable sales amounts
  • Tax-exempt transactions
  • Filing period summaries

Features:

  • Multiple tax rates supported
  • Regional tax rules
  • Filing period selection
  • Export for tax filing
  • Transaction-level detail

Best for:

  • VAT/GST/Sales tax filing
  • Tax authority submissions
  • Tax reconciliation
  • Audit preparation
  • Compliance verification

Learn more: Sales Tax Report

Report Features​

All Fiskl reports include powerful features for analysis and sharing.

Date Range Selection​

Flexible periods:

  • Today, This Week, This Month
  • This Quarter, This Year
  • Last Month, Last Quarter, Last Year
  • Custom date ranges
  • Financial year periods

Comparison Options​

Period comparisons:

  • Year-over-year
  • Month-over-month
  • Quarter-over-quarter
  • Custom period comparison
  • Variance analysis

Multi-Currency Support​

Currency options:

  • Base accounting currency
  • Original transaction currency
  • Specific currency conversion
  • Exchange rate display
  • Multi-currency consolidation

Export Options​

Available formats:

  • PDF (professional formatting)
  • Excel (full data with formulas)
  • CSV (data import/analysis)
  • Print-ready layouts
  • Email directly to stakeholders

Drill-Down Capability​

Interactive analysis:

  • Select any line to see transactions
  • View source documents
  • Navigate to related records
  • Edit transactions in-place
  • Trace to bank statements

Report Best Practices​

Regular Review Schedule​

Daily:

  • Check cash position
  • Monitor new transactions
  • Review outstanding invoices

Weekly:

  • Client aging report
  • Collections follow-up
  • Revenue tracking

Monthly:

  • Profit and Loss review
  • Balance Sheet analysis
  • Tax report generation
  • Account reconciliations

Quarterly:

  • Comprehensive financial review
  • Budget variance analysis
  • Strategic planning sessions
  • Tax filing (if applicable)

Annually:

  • Year-end financial statements
  • Tax preparation
  • Audit documentation
  • Annual planning

Stakeholder Reporting​

For business owners:

  • Focus on Profit and Loss
  • Monitor cash flow trends
  • Track client aging
  • Review key metrics monthly

For accountants:

  • Generate Trial Balance regularly
  • Review General Ledger details
  • Prepare tax reports
  • Verify account balances

For investors/lenders:

  • Provide Balance Sheet
  • Share Profit and Loss
  • Include Cash Flow Statement
  • Offer period comparisons

For tax authorities:

  • Sales Tax Report with details
  • Supporting transaction records
  • Account documentation
  • Audit trail availability

Data Accuracy​

Ensure report accuracy:

  • Reconcile accounts regularly
  • Categorize transactions promptly
  • Review uncategorized items
  • Verify opening balances
  • Check exchange rates
  • Validate tax calculations

Getting Started with Reports​

Begin reporting with this priority approach:

Step 1: Understand Your Data

  1. Ensure transactions are categorized
  2. Reconcile bank accounts
  3. Verify opening balances
  4. Check tax settings

Step 2: Generate Core Reports

  1. Start with Profit and Loss
  2. Review Balance Sheet
  3. Check Trial Balance for accuracy
  4. Generate Cash Flow Statement

Step 3: Operational Monitoring

  1. Set up Client Aging review
  2. Monitor Transactions by Account
  3. Generate Statement of Accounts for clients
  4. Track tax obligations

Step 4: Regular Reporting Rhythm

  1. Schedule monthly report generation
  2. Share with stakeholders
  3. Compare to previous periods
  4. Make data-driven decisions

Common Use Cases​

Small Business Owners​

  • Monthly Profit and Loss reviews
  • Client Aging for collections
  • Sales Tax reporting for filing
  • Year-end statements for taxes

Freelancers and Consultants​

  • Income tracking via Profit and Loss
  • Client statement generation
  • Expense analysis by account
  • Tax report preparation

Accountants Managing Clients​

  • Trial Balance verification
  • General Ledger review
  • Tax compliance reporting
  • Year-end closing statements

Growing Businesses​

  • Cash Flow forecasting
  • Multi-currency consolidation
  • Department/project reporting
  • Budget vs. actual analysis

Need More Help?​

Get started: Getting Started with Fiskl

Set up accounts: Chart of Accounts

Reconcile accounts: Reconciliation Overview

Configure taxes: Tax Settings

Available Reports​