Reading your reports in the portal
Which statement answers which question, how to read a month that is still open, and what to do before quoting a number to a lender.
How-toFor Portal clients, Business owners
Which report answers which question
| Question | Report |
|---|---|
| Did we make money last month? | Profit & Loss |
| What are we worth, and what do we owe? | Balance Sheet |
| Why did cash fall when we were profitable? | Cash Flow |
| Who owes us, and how late are they? | A/R Aging |
| What do we owe, and when is it due? | A/P Aging |
| Are we on plan? | Budget vs. Actual |
Reading a month that is not closed yet
A month in progress is genuinely incomplete: bills that have not arrived are not recorded, accruals have not been posted, and the bank may not be reconciled. The numbers are real, but they are not final.
Common questions
Timing. Checks you have written that have not been presented, and deposits that have not cleared, both create a legitimate difference. Reconciliation is what proves the two agree after timing.
See alsoReconciling a bank account
Usually receivables: you earned it but have not collected it. It can also be loan repayments, equipment purchases, or distributions, none of which are expenses. The Cash Flow statement traces the gap line by line.
Yes, as PDF for sharing and CSV for your own analysis. If you send one outside the business, keep the PDF — it records the period and scope it was run for.
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