- EBMS Knowledge Base
- Financials
- Financial Reporting
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Client Resources
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EBMS Main Documentation
- Introduction
- Getting Started
- Getting Started | Initial Installation
- Getting Started | Company Setup
- Quick User Guide | Financial Staff | Accountant
- Quick User Guide | Financial Staff | Accountant | Accountants Journal
- Quick User Guide | Sales Staff
- Quick User Guide | General Staff
- Features
- Reports
- Reports | Excel Add-In
- Reports | Excel Add-In | Troubleshooting
- Security
- Server Manager
- Technical
- Technical | Data Import and Export Utility
- Technical | SQL Mirror
- Automotive
- Automotive | Parts Catalog
- Automotive | Pricing
- Automotive | Point of Sale
- Automotive | Product Application
- Automotive | Keystone Interface
- Metal Supply
- Fuel Sales
- Horticulture
- Horticulture | Farm Setup
- Horticulture | Processing Payroll
- Horticulture | Managing the Farm
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Sales
- Introduction
- Customers
- Customers | Miscellaneous Customers
- Proposals
- Proposals | Processing Proposals
- Proposals | Sets and Templates
- MyProposals
- MyOrders
- Sales Orders
- Invoices
- Materials Lists
- Sales and Use Tax
- Sales and Use Tax | TaxJar
- CRM
- CRM | Auto Send
- Recurring Billing
- Credits
- Customer Payments
- Payment Card Processing
- Payment Card Processing | Gift Cards
- Payment Card Processing | Loyalty Cards
- Payment Card Processing | Verifone Gateway
- Freight and Shipping Tools
- General Ledger Transactions
- Point of Sale
- Point of Sale | Point of Sale Hardware
- Point of Sale | Xpress POS System
- Point of Sale | Advanced Tools
- Signature Capture
- Salesperson Commissions
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Inventory
- Product Catalog
- Product Catalog | Using Product Codes for No Count Items
- Product Pricing
- Product Pricing | Special Pricing
- Tracking Counts
- Unit of Measure
- Purchasing
- Special Orders and Drop Shipped Items
- Receiving Product
- Barcodes
- MyInventory and Scanner
- Components (BOM) and Accessories
- Components (BOM) and Accessories | Component Formula Tool
- Made-to-Order Kitting
- Configure-to-Order Kitting
- Multiple Inventory Locations
- Multiple Inventory Locations | Creating Locations
- Multiple Inventory Locations | Using Multiple Locations
- Multiple Inventory Locations | Product Catalog Sync
- Multi-Vendor Catalog
- Serialized Items
- Serialized Items | Purchasing or Manufacturing an Item
- Serialized Items | Selling and/or Associating an item with a customer
- Lots
- Product Attributes
- Product Attributes | Selling and Purchasing Items with Attributes
- Product Attributes | Custom Attributes
- Mobile Scanner (Legacy)
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Labor
- Getting Started
- Workers
- Taxes and Deductions
- Work Codes
- Time and Attendance
- Time and Attendance | Time Track App
- Processing Payroll
- Closing the Payroll Year
- Processing Payroll - Advanced
- Salaried Pay
- Piecework Pay
- Direct Deposit
- 3rd Party Payroll Service
- Subcontract Workers
- Flag Pay
- Prevailing Wages
- MyDispatch
- MyTasks
- MyTime
- MyTime | Communications
- MyTime | Setup
- Tasks
- Tasks | Getting Started
- Tasks | Creating Tasks
- Tasks | Scheduling Tasks
- Tasks | Customizing Task Views
- Tasks | Managing Tasks
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Financials
- Introduction
- Fiscal Year
- Chart of Accounts
- Budget
- Financial Reporting
- Transactions and Journals
- Transactions and Journals | Journals
- Account Reconciliation
- 1099
- Departments and Profit Centers
- Fund Accounts
- Bank Accounts
- Bank Feed
- Vendors
- Vendors | Miscellaneous Vendors
- Purchase Orders
- Expense Invoices
- Vendor Payments
- AP Transactions
- Landed Cost
- Fixed Assets and Depreciation
- Fixed Assets and Depreciation | Fixed Assets
- Fixed Assets and Depreciation | Fixed Assets | Adding Assets
- Fixed Assets and Depreciation | Processing Depreciation
- Fixed Assets and Depreciation | Disposing Assets
- MyJobs
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E-commerce
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Rental
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Job Costing
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Manufacturing
Financial Reporting Overview
Financial reporting is a key component in business management. The general ledger Chart of Accounts contains a summary of the financial activity of the company or profit center. The financial transactions contain the details to verify the summaries created within the financial module.
Video: Profit Evaluation ERP Support Training
Main Financial Management Reports
The three main reports that summarize the financial activity of the business are listed below:
- Balance Sheet: Lists the assets (what the company owns), liabilities (what the company owes), and the capital (owner's equity). Review the Balance Sheet article for more details and examples.
- P&L / Income Statement: This report summarizes the company's revenue, cost of sales, and expenses. Review Profit and Loss/Income Statements for more details and examples.
- Cash Flow Statement: Reports the amount of cash and cash equivalents that is entering and leaving the company. Review Cash Flow Statement for more details and examples.
Other Financial Reports
EBMS contains many other financial reporting tools as listed below:
- Budget reports: Review Budget Comparison Reports for budget reporting details.
- Reviewing Transactions: Review Transaction Overview for details, including reporting.
- Reconciliation reports: Review Account Reconciliation for reconciliation steps, including reports.
- Profit center reporting: Review Departments and Profit Centers for profit center setup and reporting.
- General Ledger Trial Balance: Launch this report by selecting Reports > Financials > Balance Statements > GL Trial Balance as shown below:
- Fund reporting: Review Reviewing Fund Balances for fund reporting for non-profit organizations.
- Cash accounting year end reports rather than accrual reports: Review Create Cash Accounting Adjustments for a process to create adjusted cash statements.
Monthly and Quarterly Reports
- Accounts Receivables: Review Accounts Receivable Transactions for steps to reconcile and report outstanding customer invoice balances.
- Accounts Payable: Review Accounts Payable Transactions for steps to review and report outstanding expense invoice balances.
- Payroll reports: Review Annual and Quarterly Payroll Reports for 941 and other payroll report details.
Year End Reports
- Fixed asset reports: Review Depreciation Reports for various year end fixed asset reports.
- Payroll reports: Review Annual and Quarterly Payroll Reports for 941 and other payroll report details.
- 1099 reports: Review 1099 Overview for vendor and account configuration, filing, and reporting.