Accounting

High level reports

• The Final Accounts report for micro-entities
• A guide to your profit and loss account
• Balance sheet

Breakdown reports

• Spending Categories Report
• Customer Sales Report
• Capital Assets
• Aged Debtors
• Aged Creditors
• How FreeAgent supports IR35

Journal entries

• How to post journal entries

Account locking

• How to lock your accounts

Prepayments and accruals

• Prepayments
• Accruals
• Accrued and deferred income

Detailed reports

• How to access and understand the Audit Trail report
• Show Transactions
• Trial Balance

Capital assets

• How to use FreeAgent’s comprehensive capital allowances calculation
• Capital assets explained
• How to record the purchase of a capital asset after the FreeAgent start date
• How to record the purchase of a capital asset between start dates
• How to record the purchase of a capital asset before the company start date
• How to record a capital asset that doesn’t depreciate

See all 9 articles

Accounting categories

• How to add a new accounting category
• How to view, edit and delete an accounting category
• Tax and accounting effects of accounting categories for sole traders, partnerships and LLPs
• Tax and accounting effects of accounting categories for limited companies