24 GUIDES
Reports & accounting
Read business reports, export records and use advanced accounting.
Choose the right Nizam reportStart with the business question, then choose the report and date basis.Review sales and purchase invoice registersFind invoices for a period and compare them with their original documents.Review daily sales by itemInspect sales lines for a selected day or date range.Check gross profit on an invoiceCompare invoice revenue with the inventory cost of the sold items.Compare gross profit by party or itemSee which customers or products contribute gross margin during a period.Read the Profit & Loss reportSeparate sales margin from other income, expenses and net profit.Review the Balance SheetCheck the recorded financial position at a selected date.Check the Trial BalanceReview account debit and credit balances for the selected cutoff.Trace a balance through the General LedgerInspect the journal lines behind account balances.Read the Cash Flow StatementReview recorded money movements for a period.Check overdue customer invoicesUse an as-of date to review outstanding receivables by age.Check overdue supplier invoicesReview unpaid purchase amounts and their age.Review activity for one bank accountCompare a Nizam bank record with your bank’s own statement.Review expenses by category and periodCheck recorded operating expenses and trace unusual amounts.Review the invoice figures shown in Tax ReportUse the report as an invoice review, with the current tax-display limitations in mind.Review invoice discountsCompare recorded discounts with the underlying invoice prices.Understand report labels and available workflowsKnow when several menu entries lead to the same report.Print or export a report to PDF, Excel or CSVPrepare a readable copy of the selected report.Create or organize an accounting accountAdd a general account or a cash/bank account with the correct classification.Post a balanced general entryRecord an accounting adjustment that does not have a normal source-document workflow.Reverse a posted general entryOffset an incorrect journal and enter a corrected one if needed.Archive an unused custom accountRemove an eligible custom account from active use without deleting its history.Correct a party opening-balance mistakeInvestigate the original opening before using a reviewed accounting adjustment.Close the day with a quick records checkA practical checklist for sales, stock, money and pending work.
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