Reports

Solid Accounting ships five core financial reports plus tax reports. Every report reads from the General Ledger and recomputes from source — there's no stale "saved snapshot" risk; if a transaction changes, the next run reflects it.

The five core reports

Each is its own page in the Reports section of the sidebar. Pick the report, set a period, and run.

Income Statement

The income statement (often called "P&L" — profit and loss) shows revenue and expenses for a period. The structure:

Revenue
  Income — service                        125,000
  Income — product                         48,000
                                         --------
  Total Revenue                           173,000

Cost of Goods Sold
  Inventory Purchased                      18,400
                                         --------
  Total COGS                               18,400

Gross Profit                              154,600

Expenses
  Rent                                     24,000
  Payroll                                  82,000
  Software & Subscriptions                  4,200
  Office Supplies                             950
                                         --------
  Total Expenses                          111,150

Net Income                                 43,450

Standard format. Two layout choices that change at run time:

• Cash vs accrual basis — see General Ledger → Cash vs accrual. Same underlying transactions; the difference is which side counts as the recognition event.
• Column layout — Total Only, Monthly, Quarterly, or Year Comparison. The column choice doesn't change the data, just the granularity of how it's grouped horizontally.

Balance Sheet

The balance sheet is a point-in-time snapshot — what the company owns, owes, and has left in equity as of a specific date.

ASSETS
  Current Assets
    Operating Checking                     48,217
    Savings                                12,500
    Accounts Receivable                     8,420
                                         --------
    Total Current Assets                   69,137

  Fixed Assets
    Office Equipment                       12,000
      less Accumulated Depreciation        (3,200)
                                         --------
    Total Fixed Assets                      8,800

  Total Assets                             77,937

LIABILITIES
  Current Liabilities
    Accounts Payable                        3,840
    Credit Card                             1,212
                                         --------
    Total Current Liabilities               5,052

  Long-Term Liabilities
    Equipment Loan                          6,500
                                         --------
    Total Liabilities                      11,552

EQUITY
  Owner's Equity                           42,000
  Retained Earnings                         8,335
  Net Income (current period)              16,050
                                         --------
  Total Equity                             66,385

Total Liabilities + Equity                 77,937

The fundamental check: Total Assets = Total Liabilities + Equity. That equality is enforced by every transaction in the system; if it ever fails, something's broken at a level below normal use (the trial balance check would have caught it earlier).

The balance sheet's date can be any date in your file's history — Solid recomputes from the GL each time. There's no "lock the books to view a historical balance sheet" requirement; historical reports just work.

Cash Flow Statement

Where the cash actually went, organized by activity type:

The breakdown is mechanical — each cash transaction is classified by the type of the offsetting account (revenue/expense → operating, fixed-asset/investment accounts → investing, equity/long-term-liability → financing). You can review and reclassify at run time if the auto-classification doesn't match your reading.

The cash flow statement is the report that answers "we made $43K in net income but I only see $12K more in the bank — where did it go?" — almost always the answer is some combination of AR growth (revenue earned but not collected), inventory growth (cash spent on stock not yet sold), or fixed-asset purchases (cash out, depreciated over time, doesn't hit the income statement).

Trial Balance

The trial balance is the simplest report and the one that proves the books are intact. Every account in your chart, in two columns: debit balance and credit balance.

The two totals must match. Solid runs this check automatically after every batch import; if a batch would unbalance the GL, the entire batch rolls back. In day-to-day use you should never see an imbalanced trial balance — if you do, stop and investigate.

The trial balance is also the report your accountant asks for first. It's the cleanest one-page summary of where the books stand.

General Ledger Summary

The GL Summary is one row per account showing activity over the period: opening balance, total debits, total credits, ending balance. It's the bridge between the trial balance (point-in-time) and the underlying journal entries (every transaction).

1010 Operating Checking
  Opening balance:        45,103.42
  Total debits:           18,200.00
  Total credits:          15,086.00
  Closing balance:        48,217.42

Every line is clickable — drilling into an account opens the GL detail for that account in the period: every journal entry line that touched it, with date, description, source document, and running balance. Drilling into a journal-entry line opens the source transaction (the invoice, bill, deposit, etc.).

Column layouts

Four layouts available on the Income Statement and (where it makes sense) the Balance Sheet and GL Summary:

The Trial Balance is point-in-time and only has the one layout. Cash Flow shows the period total by section; multi-period cash flow is on the roadmap.

Tax reports

Solid generates the data behind tax-time reports without trying to replace your tax preparation software. The intent: clean data out, into whatever your accountant (or you) uses for filing.

• 1099 report — every contractor flagged for 1099 with their year-to-date payments by box. Excludes payments by credit card (which the card processor reports separately on Form 1099-K).
• TXF export — tax-line-mapped data exportable to ProSeries, Drake, TurboTax, and most tax-prep software. The TXF file is a plain-text format every major tax product reads.

If you're filing 1099s yourself, the 1099 report has the numbers; you produce the actual filings through the IRS FIRE/IRIS system or a 1099 service.

Export formats

PDF and CSV are the everyday workhorses. TXF and IIF are export-only paths intended for handoff to other software.

Drilldown — the model

Every number in every report in Solid Accounting is clickable. The chain is consistent:

Report number  →  GL Summary line for the account
GL Summary     →  Journal-entry lines that posted to the account
Journal entry  →  Source transaction (invoice, bill, deposit, etc.)
Source         →  The full document with line items

You can stop at any layer. The point is that every report number is provable — you can always answer the question "why is this number what it is?" with two or three clicks, which is what a CPA or auditor needs.

What about a custom-report builder?

Not yet. The five core reports plus tax reports cover most of what a small business needs; a general-purpose report builder is on the roadmap but not in the current release. In the meantime: every report exports to CSV, and most one-off custom views are easier to build in a spreadsheet from a CSV than to learn a new builder UI.

For the cases where a CSV export isn't enough, the embedded REST API (Professional and Accountant tiers) gives programmatic access to the same data the reports read — drop-in for a Power BI or Looker pipeline if your reporting needs really do warrant it.

Period selection

All reports use the same period picker:

The picker remembers your last choice per report, so flipping between Income Statement and Balance Sheet doesn't reset the period.

Performance characteristics

Reports are computed at run time from the GL — there's no "saved" or "cached" version that could go stale. On commodity hardware:

• Trial Balance, Income Statement, Balance Sheet — sub-second on files under ~100K entries
• GL Summary across the whole file — typically a second or two; longer for multi-million-entry files
• Multi-period (monthly columns over a year) — adds proportionally; the work scales linearly with column count

When a report does feel slow, the usual fix is narrowing the period (a single month is much cheaper than a full year) or filtering to a specific account.