Statements

Trail balance

A Trial balance is a bookkeeping worksheet in which the balance of all ledgers are compiled into debit and credit account column totals that are equal. A company prepares a trial balance periodically, usually at the end of every reporting period.

Balance Sheet

A Statement of the assets, liabilities, and capital of a business or other organization at a particular point in time, detailing the balance of income and expenditure over the preceding period.

Profit & Loss Statement

The Profit and Loss (P&L) statement is a financial statement that summarizes the revenues, costs, and expenses incurred during a specified period, usually a fiscal quarter or year.

You can generate and view statements in Xserp.

• Go to Accounts >> Statements.
• You can toggle between Provisional statements and Actual statements by clicking on it.
• Choose the Date Range.
• Click the Trail Balance, to generate the Trail balance sheet.
• Click Generate BS, P&L, to generate Balance Sheet, Profit Loss Statement.
• Click the Download icon to download the data.