Accounting reports: books, balances, outstanding and interest
Which report answers which question, from the cash book to overdue interest.
| Report | Answers |
|---|---|
| Search Entry | Where is that transaction? Find by number, party, date, amount, type or reference |
| Accounts Display | Opening balance, debits, credits and closing balance of every account for a period |
| Party Balance | What each customer, supplier and other party owes or is owed, with overdue amounts |
| Cash Book / Bank Book | Money in and out, day by day, with the running balance |
| Customer / Supplier Outstanding | Open bills after payments, receipts and returns, aged by due date |
| Interest Calculator | Simple or compound interest on any amount between two dates, with the working shown |
| Customer Bill / Receipt Interest | Interest on late payments, bill by bill |
| Bank Statement | Imported bank lines and which are matched to your books |
Tip: Outstanding and interest reports depend on bill-to-bill adjustments. Adjust receipts against bills first.
Related articles
- Journal entries and the ledger
- Bill-to-bill adjustment
- Chart of accounts and opening balances
- Recording payments and receipts
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