> For the complete documentation index, see [llms.txt](https://docs.powerall.app/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.powerall.app/en/financial/financial-reports.md). # Financial reports Powerall Online includes, in addition to the standard lists, a number of specific financial reports. These reports each have a different purpose and therefore complement one another. All reports are based on the financial transactions that have been recorded. At this time, the following reports are available: * Journal entries * General ledger entries * Trial balance * Column balance * Profit and loss The last 3 form the standard financial reporting that your accountant can use to check the bookkeeping. The first two are mainly intended to provide an overview of financial transactions (journal entries) in the system. ### Periods For the three standard reports, you can choose a period or a range of periods. In most companies, a fiscal year is divided into 12 periods that correspond to the months. In some cases this differs, for example because you use a broken fiscal year or work with a 13th period. The periods are automatically based on the date of the journal entry. In Powerall Online, it is therefore **not** possible to let the period of a posting differ from the posting date, for example by posting an invoice dated 2 April in period 3 (March). To set up a different period distribution, two settings are important: * **Accounting start date**: here you choose in which month a new fiscal year starts. This is often January, except in the case of a broken fiscal year * **Number of financial periods**: the number of periods you use, choice of 4, 12 or 13. This is separate from when you file your VAT return (per quarter or per year); that is a different setting. Periods are purely about reporting and preparing your annual accounts. ### Journals In many software packages, including Powerall Connect, work is done with **journals**. In Powerall Online, we try to keep the number of settings you need to make to get started as small as possible, so we have chosen not to make journals separately configurable. Instead, in the Journal entries report you can filter by type, and within that type by the underlying item (if relevant). This allows you, for type 'Bank transaction', to immediately choose a specific bank account. This way you still keep the overview you need, without unnecessary manual configuration. --- # Agent Instructions This documentation is published with GitBook. GitBook is the documentation platform designed so that both humans and AI agents can read, navigate, and reason over technical content effectively. Learn more at gitbook.com. ## Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter, and the optional `goal` query parameter: ``` GET https://docs.powerall.app/en/financial/financial-reports.md?ask=&goal= ``` `ask` is the immediate question: it should be specific, self-contained, and written in natural language. `goal` is optional and describes the broader end goal you are ultimately trying to accomplish on behalf of the user. GitBook uses it to tailor the answer towards what is most useful for that goal. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.