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What financial reports can I run in MyCO?


There are a few useful financial reports you can run in MyCO.  These give you insight into your business finances.  We recommend you take a look at these periodically to see how your business is doing financially!

Cash flow statement
This is accessible via Menu > Bookkeeping > Financial statements.  The cash flow statement helps you understand the in-flow and out-flow of money across your bank accounts over a period of time.  It is essentially a ledger of your transactions over a period of time.




Image - Example cashflow statement


Income statement
This is accessible via Menu > Bookkeeping > Financial statements.  The income statement is a profit and loss statement. It shows you your revenue, cost of goods sold, expenses and profit/loss, over any period of time.




Image - Example income statement

Balance sheet
This is accessible via Menu > Bookkeeping > Balance sheet.  The balance sheet is a snapshot of your assets, liabilities and equity, up till a certain date.




Image - Example balance sheet