This article explains how your transactions in Qoyod are automatically reflected on financial Reports, and reviews the types of Reports available and the key financial statements for the business.
Reports in Qoyod
Qoyod helps you obtain information that reflects the result of the accounting processing of data tied to your business activities. This information is automatically presented as ready-made financial Reports, helping decision-makers make sound administrative and financial decisions.
Do You Need to Prepare Reports Manually?
No. All entries in the software are reflected on Reports automatically. All you need to do is select the time period required.
Report Types
The software includes more than 20 Reports, classified into:
- Financial Reports.
- Operational Reports.
- Sales Reports.
The Two Key Financial Statements
Balance Sheet
Shows what the business owns and owes at a specific moment: the entity’s assets, its liabilities toward third parties, and owners’ equity.
Income Statement
Shows the result of the business’s operations over a specific period, with all information related to revenue and expenses, to display net profit or net loss.
