A number of useful reports are available to you for insight into your business:
Profit & Loss: This is useful for seeing how much profit your business is making for any given date range. Profit and loss reports can help you make business decisions and will highlight any areas of spending that could be cut back.
Balance sheet: This report shows a snapshot of your financial position for any given point in time. You can see your assets, liabilities and remaining equity in the business.
Trial balance: The trial balance displays your category balances for any given date range. This report will be useful for your accountants in order to help them complete your end of year accounts and tax return.
Receivables: This report gives a breakdown of the amounts customers owe to you. This can be broken down by invoice and amount of time overdue.
Payables: This report is similar to receivables but shows the amounts you owe to your suppliers.