Finocket builds the four core financial statements straight from your books — trial balance, profit & loss, balance sheet and cash flow. Every invoice, payment and expense posts behind the scenes, so the statements are always current the moment you or your CA open them.
The four statements
- Trial Balance — every ledger with its debit or credit balance for the period, totalling to zero. A Balanced badge confirms it, and you can drill down into any ledger to the postings behind it. The starting point your CA reconciles from.
- Profit & Loss — income less expenses over the period: what the business actually earned. The format Indian small businesses and their CAs expect, with inventory folded in when you track stock (see Closing stock & COGS).
- Balance Sheet — what you own and owe as at a chosen date. It's cumulative: every posting up to that date is included.
- Cash Flow (books) — where cash actually moved over the period, built on the direct method: receipts and payments by source, not accrual adjustments.
Accountant-mode users see Tally-style labels on the same screens, so a CA feels at home instantly.
Pick the period
Each statement has a period control — a month, a quarter or a financial year. The balance sheet asks for a single "as-at" date instead, since it's a snapshot. Change the period and the numbers recompute from your postings.
Hand statements to your CA
Your CA can read every statement live with a read-only invite, or you can bundle a date range into the Hand-to-CA export — which also carries the one-tap Tally XML of masters and vouchers. Every change to an invoice, payment or expense is captured in a permanent, append-only audit log, so the statements always trace back to who recorded what.
Access & control
Owners and assistants see everything; an invited accountant reads all four statements, the drill-downs and the audit log read-only. The statements live under Reports — no extra module needed beyond your core books.
Related: Reports & GST filings, Tally XML export, Invite your CA.
Receipts & Payments
The classic CA cash statement: opening cash and bank, every receipt grouped by where the money came from, every payment by where it went, and the closing balance. Opening plus receipts minus payments always ties to closing — if it did not, the statement would be worthless.
Funds Flow
Where your long-term money came from between two dates — profit, loans, capital — and where it went: assets bought, loans repaid. It carries a per-account working-capital table and a badge proving the statement ties out, so you can see at a glance that nothing has been quietly balanced.
HSN Summary
Your outward supplies grouped by HSN/SAC code and GST rate — the same view as Table 12 of GSTR-1. Credit notes net out, and you get a warning when line items carry no code, because a missing HSN is a return that will be rejected rather than a figure that is merely wrong.
Sales & Purchase Analysis
Revenue by customer and by item, spend by supplier and by category, and a month-by-month sales-against-purchases trend. Each carries a share column, so concentration — one customer carrying too much of your book — shows up without you having to work it out.
All of these export to CSV, respect the shared Books period, appear under Reports → All, and wear the dense Tally skin when accountant mode is on.