Reports

General Ledger

A general ledger serves as a comprehensive record of a business' financial transactions, categorised into various accounts that exhibit the balance of each category, including assets, liabilities, revenue and expenses.

Profit and Loss

A vital financial document for any business is the profit and loss report, commonly referred to as an income statement. This report provides a comprehensive summary of a business's revenue, expenses, and net income for a set period. By analysing this document, one can evaluate their business performance, identify sources of income and expenses and measure profitability.

Small businesses can benefit from Humblebear CRM, a software designed for managing sales, projects, and customers. This software also features the ability to generate invoices and quotations, track income and expenses, and integrate with general ledger systems. Additionally, Humblebear CRM enables businesses to create and view profit and loss reports with ease. These reports can be filtered by date ranges to provide the necessary information. With Humblebear CRM, businesses can track their financial health and make informed decisions.

Balance Sheet

A balance sheet is a financial statement that provides a snapshot of a company's assets, liabilities, and equity at a specific point in time. It is primarily based on the accounting equation, which states that Assets = Liabilities + Equity. The balance sheet is a powerful tool that can help investors and creditors evaluate the financial health and performance of a company.

The assets section of the balance sheet encompasses the company's valuable possessions such as cash, inventory, property, and equipment. In contrast, the liabilities section contains the company's outstanding debts and obligations, such as loans, accounts payable and taxes owed. Finally, the equity section reflects the value of the company's ownership, which is the difference between its assets and liabilities. A company with a strong balance sheet i.e. more assets than liabilities, is generally considered to be financially stable, making it an attractive prospect for investors and creditors alike.

However, it is important to note that the balance sheet is only one part of a company's financial picture. It should be analysed along with other financial statements such as the income statement and cash flow statement to gain a comprehensive understanding of the company's overall financial position.

Tax Report

A tax report is a comprehensive report that presents essential information regarding the taxes that a user is liable to pay or can claim. It allows the user to filter data based on a specific timeframe for better clarity and organization.

Sales Summary

The sales summary report available in Humblebear represents a valuable resource for tracking and analysing your business's sales performance. This tool provides a comprehensive overview of your total sales amount, the number of orders, and the average order value for each product and client, allowing you to measure their effectiveness. Furthermore, the report can be filtered by a specific date range, enabling you to examine trends in sales over time. This analysis can help identify top-selling products and clients, as well as areas that could benefit from improvement.

Client Statement (Statement of Account)

A statement of account is a comprehensive document that outlines the financial transactions between two businesses within a specific date range. It provides details about the opening balance at the start of the period, invoiced amounts for each transaction, payments received, and the balance due at the end of the period. By providing a clear picture of transactions, it helps customers monitor their payments and cash flow, and serves as a reminder for outstanding debts. Moreover, it can function as evidence of purchase and a record of the business relationship.