Comprehensive Guide to Business Reports and Financial Management in Sky Books

Reports

1. Financial Reports

  • Profit & Loss: Shows income, expenses, and net profit/loss.
  • Balance Sheet: Snapshot of the company’s financial position (assets, liabilities, equity).
  • Trial Balance: Summary of debits and credits to verify the balance in accounts.
  • Ledger: Detailed records of transactions for each account.
  • Cash / Bank Summary: Tracks cash flow and bank account balances.
  • Invoices Details: Detailed report on issued invoices.
  • Payments: Record of all payments made.
  • Payables: Amounts owed to vendors.
  • Receivables: Amounts owed by customers.
  • Advance Paid - Bill Pending: Tracks advances paid to vendors when bills are pending.
  • Advance Received - Bill Pending: Tracks advances received from customers when bills are pending.
  • Inventory Valuation Summary: Value of inventory based on cost method.
  • Taxes: Overview of taxes due or collected.

2. Tax & Compliance Reports

  • TDS Payable: Tracks Tax Deducted at Source (TDS) that is payable.
  • GSTR1: Summary of sales for GST purposes.
  • Form - GSTR-3B: Monthly summary return for GST that businesses file.

3. Inventory & Stock Reports

  • Inventory: Overview of stock available in the business.
  • Stock Ledger: Detailed tracking of stock movements (sales, purchases, adjustments).
  • Serial No Wise Stock: Tracking of stock based on unique serial numbers.
  • Batch No Wise Stock: Tracking of stock based on batch numbers.
  • Inventory Summary: Overview of total stock, quantity, and valuation.
  • Inventory Valuation Summary: Summary of the total value of inventory.

4. Sales & Purchases Reports

  • Purchases by Item: Overview of purchases by item.
  • Sales by Item: Overview of sales by item.

5. Operational Reports

  • Activity: Overview of key activities in the system.
  • Activity Logs: Log of user actions and system updates.
  • Task List: List of tasks to be completed.
  • Day Book: Summary of daily transactions.
  • SMS Logs: Record of SMS messages sent through the system.
  • Email Logs: Record of emails sent from the system.

6. Customer & Vendor Reports

  • Vendor Reports:
    • Purchases by Vendor: Details of purchases made from vendors.
  • Customer Reports:
    • Sales by Customer: Tracks sales made to customers.

7. Administrative & Miscellaneous Reports

  • Accountant Reports:
    • Ledger: Detailed transaction records for each account.
    • List of Accounts: List of all accounts within the system.
  • Logs & Communication:
    • Activity Logs: Log of all user activities in the system.
    • SMS Logs: Tracks SMS communications.
    • Email Logs: Tracks email communications.