Statutory Reporting

This list shows the different Statutory reports which are available:

• Accounts Receivable Tax Report

  Requirement for tax authorities to require periodic submission of invoice details for Accounts Receivable

• Accounts Payable Tax Report

  Requirement for tax authorities to require periodic submission of invoice details for Accounts Payable

• Journal Report

  Detailed account that records all financial transactions of a business and lists journals in a given time period, both for day-to-day accounting and also for audit control purposes

• Trial Balance Report

  A list of closing balances of ledger accounts on a certain date and is the first step towards the preparation of financial statements

• GL Transaction Report

  A summary or detailed view of transactions for specific accounts, which shows the opening balance, ending balance, and all the transactions for the period organized by account

• Tax Delivery Confirmation

  An additional confirmation that is required typically for VAT-free deliveries as proof that goods have been received

• Advance Invoice

  Payment made in advance by a customer before commencing work on a customer order, which is made through the issue of a proforma invoice for all or part of the sum due and done before issuing the goods or performing a service

• Inventory Quantity and Value Balances Report

  A report that shows quantity on hand and stock cost for inventory items for a specific date

• Inventory Turnover Report

  A report that shows Inventory transactions for a period or range of dates. This is to facilitate reconciliation between Inventory and the General Ledger, for audit purposes and good business practice.

• Accounts Payable Trial Balance Report

  A trial balance report over Accounts Payable balances with this information: opening balance, period balance, period movements and closing balance per debit and credit

• Accounts Receivable Trial Balance Report

  A trial balance report over Accounts Receivable balances with this information: opening balance, period balance, period movements and closing balance per debit and credit

These reports, while generally available, may not be applicable in all countries. The Statutory Reporting topic in the country-specific section lists the reports that are specific for a given country.