Reports assist you to manage your business accounts and provide an overall picture of the financial health of your organization. An accounting report is the summarize key of financial data which helps you to review your Company finances.
For Example: Pinnacle Hills and Northway, an Electronic Equipment Manufacturer Company, wants to evaluate net profit earned in first quarter. For this purpose, Company will view Profit and Loss Report to evaluate total profit earned in first quarter.
After entering the transactions for Company, the next step is to view the report according to your requirements. Reports automatically calculate values which you have entered on the voucher entries.
To view Reports, click on Report Menu, the following options will be displayed: