Summary of Process Steps:
  1. Navigate to the Accounting Home and Click the Run Financial Reports tab in the Ledger Section.
  2. Select the report tab you would like to run.
  3. Select the accounting periods, grouping and any GL account variables you would like to filter on.
  4. Drill down on highlighted cells when desired.

Please Note:

Accounting Seed provides a Profit & loss, Balance Sheet and Trial Balance as standard reports which can be run without any configuration. Please note the following regarding the reports:

Profit & Loss

  • No accounting periods need to be closed.
  • Shows the current period activity.
  • Can be run for up to 12 accounting periods at 1 time. 
Profit and Loss Versus Budget
  • No accounting periods need to be closed.
  • Shows the aggregate activity for the periods selected.
Balance Sheet
  • Can be run for all closed periods plus 1 open period. 
  • Please note that the current year earnings GL account will not be updated for an open period. This will cause the balance sheet report to be off by only the current year earnings line for the open period. All other lines will be accurate.
  • Columns show year to date activity.
  • Can be run for up to 12 accounting periods at 1 time. 
Trial Balance
  • Can be run for all closed periods plus 1 open period. 
  • Combines profit and loss and balance sheet accounts.
  • Can be run for 1 period at a time. 

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