PracticeBooksProfit & Loss and Balance Sheet from the ledger
Every client’s financial statements come straight from their posted entries, with last year alongside, ready to print or download.
Profit & Loss
Income, cost of sales, gross profit, expenses and net profit for the financial year, with the previous year as a comparative column.
Balance Sheet at any date
Draw the Balance Sheet at the year end or at any date in between. Current-year earnings and retained earnings brought forward are split according to the client’s financial year.
Earlier years, and downloads
- Pick an earlier financial year to print last year’s accounts after the new year has started.
- Download either statement as PDF or CSV.
- Amounts posted straight to a heading account are shown on their own line, so the statements always add up.
More in PracticeBooks
- JournalsRecord, import and correct journal entries, with a full change history and undo.
- Bank reconciliationImport the bank statement, confirm the matches, and finish when the books agree to the bank.
- FRCS depreciationA fixed asset register with FRCS rates built in, the depreciation schedule and the year-end journal.
- Financial statements checklistA financial statements checklist per client, bank sign-off that locks the month, and the client's requirements list.
Bring your practice onto PracticeBooks
Each firm gets its own PracticeBooks organisation. We set it up with an administrator account for your practice; your administrator then adds your staff and client companies. Email us to request access — tell us roughly how many staff and client companies you have.
Or write to [email protected]