Accounting reports in FreeAgent for accountants
This article explains how to access and view a client’s accounting reports in FreeAgent.
How to access accounting reports in a client’s account
Navigate to the ‘Accounting’ tab at the top of the screen in the client’s account and select ‘Reports’ from the drop-down menu.
You can select from a range of ‘High Level’, ‘Breakdown’ and ‘Detailed’ reports.
High Level reports
In the ‘High Level’ section, you can choose to access and view the following reports for your client:
- Profit and Loss report to see a summary of your client’s business's income, less its day-to-day running costs, over a given period of time
- Balance Sheet report to see a summary of how much your client owns and owes as at a given point in time
- Final Accounts report to see your client’s Income Statement and Balance Sheet figures prepared according to the financial reporting standard for FRS 105 micro-entity accounts
- Performance Benchmarking report to see a visual overview of your client’s business’s financial performance over time and how it compares to similar businesses
Breakdown reports
In the ‘Breakdown’ section, you can choose to access and view the following reports for your client:
- Aged Debtors report to see which customers owe your client money at a particular date and how much they owe
- Aged Creditors report to see which suppliers your client owes money to at a particular date and how much they owe them
- Capital Assets report to see the net book value and tax treatment of your client’s capital assets
- Dividend Vouchers report to see the dividend vouchers and board minutes that have been created for any dividend payments that have been recorded in your client’s account
- IR35 report to see the deemed payment that FreeAgent has calculated that your client will be required to add to their salary at the end of the month or tax year
- EC Sales List to see which goods and services your client has sold to other businesses in the EU
- Customer Sales report to see a breakdown of the income your client has received from each of their customers
- Spending Categories report to see which cost categories your client’s business costs have been allocated to
Detailed reports
In the ‘Detailed’ section, you can choose to access and view the following reports for your client:
- Show Transactions report to see which accounting categories all of your client’s transactions have been allocated to (sometimes called the nominal ledger or general ledger)
- Trial Balance to see a list of all the balances in all of your client’s business's accounts at any given time
- Audit Trail report to see a record of activity in your client’s FreeAgent account
- Bank Reconciliation report to check that your client’s bank balance in FreeAgent is reconciled