A quick guide to the key financial reports in Qoyod and how to access them: income statement, balance sheet, cash flow, trial balance, and VAT return.
Path in Qoyod
Reports
The four core reports
1. Income Statement
Shows the company’s results (profit or loss) over a given period. It includes revenues and expenses.
Use it to find out whether the business made a profit or a loss in a specific period.
2. Balance Sheet (Statement of Financial Position)
Shows what the business owns (assets), what it owes (liabilities), and owners’ equity at a specific point in time.
Use it to understand the company’s overall financial position on a specific date.
3. Cash Flow Statement
Shows the inflows and outflows of cash (operating, investing, financing) over a given period.
Use it to identify the sources of liquidity and the company’s ability to meet its obligations.
4. Trial Balance
A list of account names and their balances (debit or credit) at a given moment.
Use it to verify the accuracy of postings and to detect accounting errors.
Other important reports
- VAT Return report: to prepare the monthly or quarterly return for the Zakat, Tax and Customs Authority (ZATCA).
- Aging reports: to track customer and supplier debts by age.
- Inventory reports: to monitor quantities and values at each location.
- Sales reports: to analyze sales performance by product, customer, or period.
- General Ledger: to see the movement of each account individually.
- Account statement: to review the financial position of a specific account.
Exporting reports
Most reports support export to Excel and PDF. Some reports support PDF only. An “Export” button appears at the bottom of the page when the feature is available.
Notes
- All operations in Qoyod are automatically reflected in reports. There is no need to configure them manually.
- All you need to do is set the time period you want.
