Reports

Libro builds financial reports from posted and final activity. Draft and cancelled entries are excluded.

Reports hub

Choose Reports in the workspace sidebar. Available reports depend on the company’s bookkeeping method.

Double entry

Double-entry companies can open Trial Balance, Income Statement, Balance Sheet, and Cash Receipts & Disbursements.

Single entry

Single-entry companies use Income & Expenses, Balance Sheet, Transaction Register, and Cash Receipts & Disbursements.

Trial Balance

The Trial Balance verifies that total debits equal total credits through a reporting date. It lists every account with posted activity and shows a balanced status when the books agree.

Choose the reporting date to review a different cutoff.

Income Statement

The Income Statement summarizes revenue and expenses for a selected period and calculates net income or loss.

Single-entry companies see the same period analysis under Income & Expenses.

Balance Sheet

The Balance Sheet shows assets, liabilities, and equity as of a date.

For double-entry books, the accounting equation should remain balanced. Review the Trial Balance and source entries if it does not.

Transaction Register

The single-entry Transaction Register lists posted cash activity in chronological order. It shows the cash direction, allocated account, and running balance.

Cash Receipts & Disbursements

This report separates cash inflows and outflows for a selected period and calculates net cash movement.

Rows are grouped by their non-cash counterpart accounts, such as Service Revenue for a receipt or Rent Expense for a payment. Cash-to-cash transfers are excluded because they move money between cash accounts without changing total cash.

Reading reliable reports

• Confirm the selected date or period before interpreting totals.
• Post completed activity so it appears in reports.
• Use references and descriptions to make report-to-entry tracing easier.
• Investigate unexpected balances from the account ledger or journal register.