What is a Profit and Loss Statement? What of the firm financial data is in this report? Profit and Loss, a.k.a Income Statement is the statement of act...

This report summarizes the revenues, costs, and expenses incurred during a specific period of time - usually a fiscal quarter or year. These records provide...

The Balance Sheet is a statement of assets, liabilities, and capital of your business at a particular point in time, detailing the balance of income and exp...

The Trial Balance is a bookkeeping sheet in which the balances of all ledgers are compiled into debit and credit columns. A company prepares a trial balance...

This report can be used to generate the company's income statement at the year end as well as profitability as each money transaction from the bank acc...

The accounts payable aging report categorizes payables to suppliers based on time buckets. To Access Report: Go to Reports > Accounting > A...

The accounts payable details report allows you to view the balances you owe to other companies for supplies, inventory, and services your company receives. ...

1099 report is used to identify which vendors need to complete a 1099 form for tax filing.  CosmoLex does not generate 1099 tax forms, however, you can ...

You can produce a list of payment transactions in a given date range to assemble 1099 issuance list To Access Report: Go to Reports > Accounti...

If your firm collects the tax from clients, you can use this report to document tax collected. To Access Report: Go to Reports > Accounting &g...