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Reports

What is a Profit and Loss Report?

A Profit and Loss Report (P&L) is a report that shows your total Income and your total Expenses in a specific period of time. It’s a really useful report …

What is a Balance Sheet?

A Balance Sheet is a snapshot of your business’ financial position on a given day, usually calculated at the end of the quarter or year. It is a summary …

How can I prepare my taxes faster?

What exactly do you need to know before filing your taxes? Whether you’re working with an accountant or doing it on your own, FreshBooks has information t…

What is an Expense Report?

The Expense Report breaks down all of your expenses into detail. You can run your Expense by doing the following: Click on the Reports tab Click on the Account…

What is an Invoice Details Report?

Your Invoice Details Report gives you a comprehensive overview of all Invoices you have generated in a given time period. You can run an Invoice Details Report …

What is a Payments Collected Report?

Your Payments Collected Report breaks out all of the payments you have recorded in detail, including any Credits you’ve created. You can run your Payments…

How do I invite an Accountant?

Accountant Center gives your accountant their own separate and secure access to your FreshBooks Reports and Journal Entries, making collaboration easier.Now you…

What is an Accounts Aging Report?

The Accounts Aging Report will show you which Clients are taking a long time to pay their Invoices.  You can run an accounts aging report with these steps: Go…

What is a Tax Summary Report?

Your Tax Summary Report gives you a summary of the value of the tax you have collected along with how much you have paid on Expenses. You can run your Tax Summa…

Journal Entries Updates

Journal Entries Updates From the period of 2017 - 2018, the journal entries have undergone a change to become more GAAP compliant. The following chart will ou…

What are Journal Entries?

Journal Entries have been updated starting from Oct 2017. More details can be found here. Journal entries are the building blocks of financial accounting and…

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