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Financial reports

Financial reports, live: are you profitable, do you have cash?

Balance sheet, income statement and cash flow for any period you pick. They are built from the posted entries, so you read numbers, not accountant-speak.

Get started with FreeMe How it works
  • Pick a period and a comparison
  • Every figure traces to the entries
  • Excel, PDF or CSV

A short demo: in "Accounting reports" you pick a year, a period and a comparison; the income statement builds line by line and shows the profit for the period; you switch to the balance sheet, where assets equal liabilities; then the cash flow with receipts, payments and net; finally you download the report as Excel, PDF or CSV. The data is sample data.

Read-only for you
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Any period you pick

Year, from month, to month. The balance sheet is as of month-end.

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Comparison

Against the same period last year, or the end of the previous year.

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From figure to entry

Open the account in the general ledger and see the postings.

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Download

Excel, PDF or CSV of the exact report you are looking at.

No accounting jargon

The three reports you actually read

Each answers one question. The rest is for your accountant.

Income statementIncome statement = are you profitable

Profit or loss for the period

What you sold, what you spent on people, services and materials, and what is left.

Balance sheetBalance sheet = what you own and owe

A snapshot of the company at a date

On one side: cash, receivables, assets. On the other: equity and liabilities. The two sides must match.

Cash flowCash flow = where the money goes

Receipts and payments

Profitable on paper but no cash in the bank? This shows why: what really came in and went out.

  • Trial balance
  • General ledger
  • Receivables
  • Payables
  • Journal

The same section also has a trial balance, a general ledger, receivables and payables by due date, and a journal of entries.

What you can do

The questions the reports answer

Are we profitable this year?Income statement from January to today.
Are we doing better than last year?Turn on the comparison with the same period last year.
How much cash do we really have?Cash accounts at the end of the period, in the cash flow statement.
Why is this cost so big?Open the account in the general ledger and see the entries.
Who owes us money?The "Receivables" report: by customer and document, by due date.
The bank wants a report. What do I give them?Download the balance sheet and income statement as PDF or Excel.
How it works

From picking a period to a file for the bank

It is all in the "Accounting reports" section of FreeMe.

Open the reports

In the menu pick Accounting reports and the report you need.

Pick the period

Year, From month and To month. For the balance sheet: As of end of month.

Compare and explore

Pick a Comparison, hide zero lines, or open an account with Open in the general ledger.

Download

With the Excel, PDF or CSV buttons you get the same report as a file.

Who does what

You read, the accountant posts

The reports are only as current as the posted entries behind them.

Built from the entries

The report is calculated from posted entries, not typed in by hand.

Read-only

As the owner you view and download the reports. Posting stays with the accountant.

The file matches the screen

Downloading re-runs the report with the same settings, so the file never disagrees with the books.

Warnings, not silence

If something is off, such as an unbalanced balance sheet or an unmapped account, the report shows a note.

FAQ

Financial reports: frequently asked questions

What does "live" mean?
Reports are calculated the moment you open them, from entries that are already posted. A new transaction shows up as soon as it is posted. A document that is not yet posted is not in the figures.
What are the "Statutory (NAS)" and "Management" views?
"Statutory (NAS)" follows the Bulgarian national accounting standards layout, with a Full, Small or Micro form. "Management" is the simpler layout for your own analysis.
Can I compare with last year?
Yes. In the income statement and cash flow you compare with the same period of the previous year. In the balance sheet you can also compare with the end of the previous year. The comparison shows up when the system has data for that period.
How do I download a report?
Every report has Excel, PDF and CSV buttons. The downloaded file uses the same period and settings as the screen.
How do I check where a figure comes from?
Account lines have an "Open in the general ledger" link that shows the postings on that account. The link only appears if you have access to the general ledger.
Does this replace the annual financial statements?
No. These are the running reports during the year. The annual statements are prepared in the annual closing.

Next step: annual closing

At year-end these reports become the annual financial statements. See how FreeMe prepares them. And if the numbers read like Greek, ask FreeMe AI.

Annual closing FreeMe AI

See your company in numbers

Open FreeMe, pick "Accounting reports" and see whether you are profitable.