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Month End Reports

H
Written by Huzayfah Patel
Updated over a week ago

Suggested Minimum Reports Required for Month End

Report

Location

Bank Reconciliations to the month end date

Nominal/Bank Reconciliation Each report shows items reconciled and items still unreconciled.

Matter Balances to month end date

Reports/Matters/Matter Balances Lists all Matters with any kind of balance showing in the ledger, also shows date of last movement and last bill on the ledger.

Trial Balance at month end date

Reports/Nominal/Balances Report. Choose option for Trial Balance

Profit & Loss at month end date

Reports/Nominal/Balances Report. Choose option for Profit And Loss

Balance Sheet at month end date

Reports/Nominal/Balances Report. Choose option for Balance Sheet

Aged Debtors

Reports/Clients/Aged Debtors

Aged Creditors

Reports/Suppliers/Aged Creditors
Show all Supplier invoices outstanding

Bills Day Book for the month

Reports/Clients/Bills Day Book
This report shows all bills produced in the month broken down into profit costs, profit disbursements, disbursements and VAT.

Profit Costs Rendered

Reports/Monthly/Profit Costs Rendered Shows total of profit costs per fee earner rendered during the month.

Nominal Movement

Reports on Nominal transactions for the month.

Matters Opened for the month

Reports/Matters/Matter Listing. Choose option Opened

Matters Closed in the month

Reports/Matters/Matter Listing. Choose option Closed

Disbursements

Reports/Matters/Disbursements

  • No option ticked under Disbursement type will report on DUU’s

  • Tick Paid will report on DPU’s Tick Billed will report on DPB’s and DUB’s

  • Tick All Disbursements will report on All categories as above

Profit Costs

Reports/Client/Profit Costs Months
This report will show a total per fee earner of Profit costs billed in the month, this does not have a breakdown of the bills making up the total.

Profit Costs Received

Reports/Monthly/Profit Costs Received
Shows a total per fee earner of receipts for the month. Can be broken down into individual bills by ticking Show Bills.

Aged WIP

Reports/Time/Aged WIP Reports on WIP outstanding


Please note that these reports can be run at any time and it is not the end of the world if any are forgotten at precisely Month end with exception of Aged WIP which needs to be run on the last day of the month. And if you have been converted from Cashier you need to run the aged Debtors and aged creditors on the last day of the month.

This is our suggested list and is in no way meant to be exhaustive. Your accountants are the best people to advise you on any other reports that may be required.
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