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What reports are available in KIS BOOKS?

What reports are available in KIS BOOKS?

In Business mode KIS BOOKS has a full range of financial and informational reports:

  • Income Statement – This report shows the current Net Profit/Loss. This is the most common performance report commonly called a Profit & Loss report or Revenue Statement. The bottom line of this report – the net profit- is brought forward, capitalized, into your next year’s balance sheet when a Rollover is performed.
  • Balance Sheet – This report is a Capital Report. KIS BOOKS uses a simple form of Balance Sheet.

Business owners commonly ask where their Profit is.

KIS BOOKS Balance sheet format displays the Net Profit as represented by all the Assets less all the Equities (internal and external) for the selected date.

Balance Sheets are always calculated on a specific day as they are not a performance report. They display what a business has at a moment in time – like a picture or snapshot.

Income is always reported over a period of time as they display the performance of a business over a specific time period. At the end of this Revenue reporting period a business only has what is shown in their Capital report (the Balance Sheet).

  • Account History – This report shows the history of all transactions for the accounts selected. These accounts can either be selected individually, as a group or All.
  • Trial Balance – This report displays all the ledger accounts.
  • Chart of Accounts with Opening Balances – This report shows all the accounts and the current opening balances for those accounts.
  • State Sales Tax Analysis – Cash Basis – Once a state is selected this report shows all the cash based sales tax transactions for the selected state.
  • State Sales Tax Analysis – Accrual Basis – Once a state is selected this report shows all the sales tax transactions on an incurred basis for the selected state.
  • Quotation Analysis – This infographic report will display a visual representation of the ratio between all “Won”, “Pending” and “Lost” quotes.

In Private mode there are five report types to help describe the history of your private dealings. These reports will be of great assistance in managing and controlling your non-business funds and private capital:

  • Income Statement – This report displays amounts allocated as private income (for your private ledger these may include various other funds in) and the amounts allocated as private expenses (for your private ledger these may include various other funds out) which may not result in a typical Net Profit/Loss as defined under normal business concepts. However, this report format can display a great deal of information that can be used to protect your private equity.
  • Balance Sheet – This report shows the “Net Private Profit/Loss” (see above description) as represented by your private Assets less your private Liabilities.
  • Account History – This report shows the history of all transactions for the account(s) selected.
  • Trial Balance – This report displays the balance of the ledger.

Chart of Accounts with Opening Balances – This report shows all the accounts and their opening balances.

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