Reports & Accounting

Accounting

What is Bank Reconciliation?

Bank Reconciliation is the process of matching transactions from your bank statement to entries i...

What is the Chart of Accounts?

The Chart of Accounts (CoA) is an unique list of a business’ accounts, organized by assets (what ...

What is the General Ledger Report?

The General Ledger Report shows you the details of every transaction going in and out of your acc...

What is a Balance Sheet Report?

A Balance Sheet is a snapshot of your business’ financial position on a given day, usually calcul...

What is the Trial Balance Report?

The Trial Balance report is the sum of debits and credits for every account of your business. It ...

What are Journal Entries?

Journal entries are the building blocks of financial accounting and record all transactions in yo...

Reports

How do I export my Reports?

The Reports in FreshBooks put all the data together to present you with a picture of your busines...

What is a Profit & Loss Report?

The Profit and Loss Report (P&L) is a Report that shows your total Income and your total Expe...

What is a Sales Tax Summary Report?

The Tax Summary Report gives you a breakdown of the value of the tax you have collected, along ...

What is a Payments Collected Report?

The Payments Collected is a Report that breaks down all your payments you have recorded in your a...

What is an Expense Report?

The Expense Report breaks down all of your Expenses into detail, including any applicable taxes. ...

What are 1099 forms?

The 1099 form is a document that tells the IRS how much you’ve earned, who made that payment to y...

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