What's Inside the Reports Package

The eleven sections that make up a finished set of Reports.

#	Section	Purpose
1	Cover Page	Identifies the client and reporting period.
2	Index	Lists everything included.
3	Compilation Report	States the level of assurance given.
4	Directory	Company profile: legal details, owners, advisors.
5	Approval of Financial Statements	Director sign-off and formal adoption.
6	Statement of Profit or Loss	Trading result for the year.
7	Statement of Financial Position	Assets and liabilities as at year end.
8	Statement of Changes in Equity	Movement in owners' equity during the year.
9	Depreciation Schedule	Asset-by-asset detail behind depreciation.
10	Notes to the Financial Statements	Accounting policies and supporting detail.
11	Shareholder Current Accounts	Each shareholder's running account.

Total Assets minus Total Liabilities (Net Assets) must always equal Total Equity across the package.

How to access: Job Details, then Job Results, then Reports.

One of the statements available from the dropdown on the Reports screen. Shows the client's trading result for the year.

	LineWhat it means
Total Income	All sales and revenue earned in the year, before costs.
Gross Profit	Total Income minus Total Cost of Sales.
Net Profit Before Taxation	Gross Profit plus Other Income, minus Total Expenses.
Net Profit for the Year	The final result, carried into equity.

The same Preview, Re-generate, and Download actions available on any statement apply here.

One of the statements available from the dropdown on the Reports screen. Shows what the client owns and owes as at year end.

	BlockWhat it means
Current Assets	Cash and near-cash items convertible within 12 months.
Non-current Assets	Longer-term assets, shown at cost less depreciation.
Current Liabilities	Amounts due within 12 months: GST owing, PAYE, provisional tax, and other items.
Non-current Liabilities	Longer-term obligations, including term loans.
Equity	Share capital plus accumulated earnings, less dividends paid.

Total Assets minus Total Liabilities (Net Assets) must always equal Total Equity.