Financial statements — trial balance, P&L, balance sheet & cash flow

Finocket builds the core financial statements straight from your books — no separate bookkeeping step. Every invoice, payment and expense you record posts behind the scenes, so the statements are always current when 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. The starting point your CA reconciles from.
• Profit & Loss — income less expenses over the period, so you can see what the business actually earned.
• Balance Sheet — what you own and what you owe as at a chosen date. It's cumulative — every posting up to that date is included.
• Cash Flow — where the cash actually moved, by source, over the period.

Pick your period

Each statement has a period control at the top — a month, a quarter or a financial year. The Balance Sheet asks for a single "as-at" date instead, since it is a snapshot rather than a range. Change the period and the numbers recompute from your postings.

Hand them to your CA

Your CA can read every statement live with a read-only invite, or you can bundle a whole date range into the Hand-to-CA export — which also carries a one-tap Tally-ready XML of your masters and vouchers.

Every change to an invoice, payment or expense is captured in a permanent edit log too, so the statements always trace back to who recorded what. See the edit log for how that works.

Related: Reports & GST filings, Tally XML export, Invite your CA.