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SmartBooks - Reports Overview

Reports Overview

Audience: Admin, Finance, Business Owner
Type: Reference

Purpose

The Reports section in SmartBooks provides a consolidated view of your business’s financial data.

Reports help you:

  • Review income and expenses

  • Monitor profitability

  • Track balances

  • Support internal review and decision-making

Reports are read-only and do not change accounting data.

How to Access Reports

  1. Go to SmartBooks

  2. Click Reports

URL format:
https://app.thulo.com/{tenantname}/ps/admin/accounting/report

What Reports Show

Depending on configuration and data entered, reports may include:

  • Income Statement

  • Expense summaries

  • Vendor balances

  • Bank and cash balances

  • Budget comparison

  • Product-level gross profit (if enabled)

All report values are generated from:

  • Recorded transactions

  • Mapping setup

  • Reconciled accounts

How Reports Work

Reports in SmartBooks:

  • Reflect existing accounting records

  • Update automatically when data changes

  • Can be filtered by date range

  • Can be viewed in Cash or Accrual method (where available)

Reports do not allow editing of values.

Important Notes About Reports

  • Reports depend heavily on correct mapping

  • Unreconciled bank accounts may cause differences

  • Missing or incorrect transactions affect reports

  • Reports should be reviewed after reconciliation

If a report looks incorrect, fix the source data, not the report.

Who Should Use Reports

  • Business Owners → for overview and decision-making

  • Finance / Accountants → for review and reconciliation

  • Admins → to verify setup and mapping

Staff users may have view-only access.

Common Misunderstandings

  • Reports do not file taxes

  • Reports do not process payments

  • Reports do not replace accounting review

  • Reports cannot be edited manually

Nepal Context Notes

  • Reports are generated in NPR by default

  • Bank data is based on manual imports

  • SmartBooks does not submit IRD filings

  • Reports support review, not statutory submission

When to Review Reports

Recommended times:

  • Monthly (after reconciliation)

  • Quarterly review

  • Year-end closing

  • Before sharing financial summaries

Related Articles

  • Income Statement Modification

  • Calculate gross profit by product in the income statement

  • Change the accounting method on a report

  • Reconcile an account

End of Article

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