General Ledger (GL)

• Shows all transactions posted to each account.

• Useful for audit, troubleshooting, and detailed drill-downs.

• Can be filtered by account, party, cost center, or date.

General Ledger Report

Trial Balance

• Summarizes balances of all accounts for a given period.

• Used to verify that total debits = total credits.

• Provides the foundation for preparing financial statements.

Trial Balance Report

Profit and Loss (P&L)

• Summarizes income and expenses for a selected period.

• Supports filtering by cost center, allowing P&L by business unit.

• Used to measure profitability of freight operations vs. other sub-business units.

Profit and Loss Report

Balance Sheet

• Displays Assets, Liabilities, and Equity at a point in time.

• Helps measure company net worth.

• Can be viewed at consolidated level or filtered by cost centers.

Balance Sheet Report

Accounts Receivable (A/R)

• Shows outstanding invoices from customers.

• Helps track overdue payments and manage credit control.

• Includes aging analysis (e.g., 30/60/90 days).

Accounts Receivable (A/R) Report

Accounts Payable (A/P)

• Shows outstanding invoices payable to vendors.

• Helps manage cash flow and prioritize supplier payments.

• Includes aging analysis for better planning.

Accounts Payable (A/P) Report

Cash Flow Statement

• Shows inflows and outflows of cash for a period.

• Organized into Operating, Investing, and Financing activities.

• Useful for liquidity planning.

Cash Flow Report

Bank Reconciliation Statement (BRS)

• Shows reconciled vs. unreconciled items for each bank account.

• Supports investigation of uncleared cheques or deposits.

Bank Reconciliation Statement Report

Other Specialized Reports

• Consolidated Financial Statement – combines multiple companies or cost centers.

• Budget Variance Report – compares actual performance against budget.

• Tax Reports – VAT/GST returns and tax liability reports.

Tax Report Example

Key Points to Remember

• Use Trial Balance and General Ledger for reconciliation and troubleshooting.

• Use P&L and Balance Sheet for management and statutory reporting.

• Use A/R and A/P Aging for credit control and supplier management.

• Apply Cost Center filters to analyse performance by business unit.

• Export or auto-schedule reports for efficiency and transparency.

Documentation owner: Fr8Labs Customer Success. Text reviewed: 21 September 2026.