Financial - P&L and Balance Sheet

 

Overview

Surf Accounts provides all the relevant information in a methodical and structured manner to make it easy to understand. It has been designed in such a fashion so that it can be used by the large corporation, and small and medium enterprises and accountants. You can customise your reports for the individual business. With simple select options, you can preview them on the fly before emailing or saving a copy. The reports will be generated which can be viewed in an interactive way on a real-time basis.

Financial Report

The financial report will generate reports regarding VAT Report, Bank Reconciliation, Trial Balances, Profit and Loss and Balance Sheet, Account Details, Journal Listing, Yearly Budget Comparison, Periodic Budget Comparison and Budget Details.

Generating the Profit and Loss and Balance Sheet:

To generate the Profit and Loss Balance Report select Reports» Financial» Profit and Loss Balance sheet  Report »Run .The following screen will appear.

Financial_-_P_L_and_Balance_Sheet_Image_I.jpg

Sort the Trial Balance Report

You can sort the report from the browse by P/L Account and Balance Sheet from the "Type" option.

Financial_-_P_L_and_Balance_Sheet_Image_II.jpg

Period Range: To generate the Profit and Loss account and the balance sheet report for a specific period of time select the Date Range by using the calendar. For e.g. if you wish to generate the report from January 2013 to December 2013 select the Date Range accordingly. By leaving the field blank the entire report will be generated irrespective of the “Date Range”. By keeping the Period Range Blank the report will generate the complete trial balance. The Date Range will appear in the report at the top right-hand corner of the Browse. 

Type: You can generate a separate report for profit and loss account and balance sheet account. By selecting the type as profit and loss the report will display profit and loss summary of the business. By selecting the type as balance sheet the balance sheet of the business will be displayed in the report. By selecting both the Profit and Loss account (P/L Accounts) as well as the balance sheet will be generated in a single report. 

Customisation of Trial Balance Details

To include or exclude the columns in the report select the “Advanced” button from the browser. By selecting the “Advanced” option a new pop up (Advanced Setting) will appear to include or exclude column. 

Financial_-_P_L_and_Balance_Sheet_IV.jpg

From the Advanced Settings select the column you want to display in the report. 

Financial_-_P_L_and_Balance_Sheet_Image_III.jpg

Code: The nominal code will display under the code column. For example, if it is sales then the nominal code will appear as 001 in the Trial Balance Report. For “Cost of Good” transaction the code will be 111.

Description: The nominal code description will appear under the description column. For e.g. Sales, Purchase, Wages & Salaries, Balance Sheet Suspense will appear under the Description column.

Debit: If the nominal code has a debit balance then the amount will appear under the debit column. For e.g. the cost of goods will appear under the Debit column.
Credit: If the nominal code has a credit the balance will appear under the credit column. For e.g. a number of sales of any business will appear under the Credit column. 

PL/ Balance Sheet: This column will show whether a nominal code will be under the profit and Loss account or it will be under the balance sheet.  For e.g. a nominal code of 001 will be reflected under the P/L Account and nominal code of  999 will reflect under the  Balance sheet column.

Please note that a nominal code will appear either in Profit and Loss account or it will be under the balance sheet. 

Nominal Group: The nominal group related to the nominal code will be displayed in the Nominal Group column. For e.g. nominal code 001 will display sales. Nominal groups are being defined within the system and depending on the selection the nominal group will be displayed.

Totals: The sum of the debited and the credited amount appears under the Total column.

Suppress by Zero:  If the balance is zero on the Statement Date, then the transaction will not appear in the Trial balance Report by selecting "Suppress by Zero". 

Toolbar Functionality of the Trial Balance Report (Print, Excel, Save, and Email)

To Print, Save, Email the “Trial Balance Report”, select the option from the Toolbar of the “Trial balance Report”.  

The “Trial Balance Report.” can be saved as a PDF file to the local machine. You can also download the report as *xls file by selecting the MS-Excel option. 

By using the Toolbar of the “Trial Balance Report.” browse you can print, download in MS Excel format, Save to your local machine as PDF and email the report.

Financial_-_P_L_and_Balance_Sheet_Image_V.jpg

Print: To print the Profit and Loss and Balance Sheet Report, select the “Print” option from the toolbar. A print preview will be generated and by selecting the print option from the preview page you can take the print of the report.

PL_Balance_Sheet_Image_VI.png

Select the Printer icon to print the report. 

Excel: To download the Profit and Loss and Balance Report in MS Excel select the Excel option from the toolbar. The report will be downloaded into spreadsheets. The following screen will appear.

PL_Balance_Sheet_Image_VII.png

Save: To save the report to your local computer choose the “Save” button. The report will be saved as a PDF file to your local machine.

PL_Balance_Sheet_Image_VIII.png

Email: To email, the Profit and Loss balance sheet reports select the email option from the toolbar. A mail dialer pop up will appear.

To:  In the “To” field enter the recipient’s email address.

CC/BCC: In the “CC/BCC” field enter the email address of the recipient you want to make a copy of the email.

Subject: Enter the subject line in the subject field.

Attachment: Select the attached file to view or download the report.  

Image_I.jpg

Go to top   uparrow.png

 

 

 

 

 

 

Have more questions? Submit a request

0 Comments

Please sign in to leave a comment.
Powered by Zendesk