Get a complete record of all financial accounts and transactions, so you and/or your accountant can analyze every dollar coming in and going out.
Provide your accountant with access to specific features and reports in your FreshBooks account, providing a complete view of your physical assets, outstanding debts and much more.
Profit & Loss
The Profit & Loss report shows your total income and your total expenses so you know exactly how profitable you are.
Sales Tax Summary
Make remittances painless by always knowing the sales taxes you’ve paid and collected in any period.
Need to see a summary of invoices that are overdue? Then look no further than the Accounts Aging report.
Keep your spending in check with the Expense Report. Get a detailed breakdown of where you’ve spent your money in any given time frame.
Get an overview of your invoicing with a detailed history of every invoice you’ve sent that you can customize by date range, client, and even status.
Chart of Accounts
Create a customized and accountant-friendly report of every account and balance in your system (i.e. income, expenses, equity).
Review a comprehensive account of your business’ assets, outstanding debts/liabilities and owner/shareholder equity.
Automatically scan your bank accounts and match account activity against your financial records in FreshBooks to ensure accuracy and consistency.
Cost of Goods Sold
Accurately track the cost of doing business, excluding re-billed items, by assigning a cost of goods sold category to specific items.
Get a list of the balances for each general ledger account to ensure there are no missing transactions and that debits = credits.
Log unique and other income items, view revenue streams and get a complete picture of your business’ revenue.
Journal Entries (full transaction capture)
Get the flexibility of accounting for one-off financial transactions by adjusting the general ledger (i.e. a one-time interest payment) with manually created journal entries.