Accessing Financial Reports

In this article:

• Generating General Ledger Report
• Generating the Balance Sheet
• Generating the Trial Balance
• Generating the Profit and Loss
• Generating the General Journal Report

Generating General Ledger Report

The General Ledger provides a complete record of your firm’s transactions. This includes assets, liabilities, equity, revenue, and expenses.

1. Go to Financials > General Ledger.
2. Click the arrow down and select the view you want to use: 
   • basic - Shows all entries posted to any or all GL account(s) plus a running GL account balance. Entries are listed by account number and divided into debits and credits. 
   • combined
   • full
   • payee - Shows all entries posted to any or all GL account(s), their associated payees, and a running GL account balance. Entries are listed by account number and divided into debits and credits.
3. Set the report parameters needed to narrow down the result.
4. Select the output under Generate to.
5. Click Play.

Generating the Balance Sheet

A Balance sheet report provides the firm’s assets, liabilities, and equity for a specified time period. This allows you to see your firm’s rates of return and financial structure.  

1. Go to Financials > Balance Sheet.
2. Click the arrow down and select the view you want to use: 
   • 3 columns - A balance sheet listing balance, section, and area. 
   • 4 columns- A balance sheet listing balance, sub-section, section, and area. 
3. Set the report parameters needed to narrow down the result.
4. Select the output under Generate to.
5. Click Play.

Generating the Trial Balance

This report compiles the balances from all of the firm’s general ledger accounts into debit and credit values. Trial balance reports are normally run at the end of the selected financial period. 

1. Go to Financials > Trial Balance.
2. Click the arrow down and select the view, trial bal. It displays a trial balance of the firm, debit and credit balances of all GL accounts, and overall balance. 
3. Set the report parameters needed to narrow down the result.
4. Select the output under Generate to.
5. Click Play.

Generating the Profit and Loss

Generate a profit and loss report if you wish to view your firm’s financial performance over a specific accounting period. Profit and Loss reports summarize how the firm earns its revenue and incurs its expenses, showing the net income.  

1. Go to Financials > Profit and Loss.
2. Click the arrow down and select the view you want to use: 
   • p and l- A balance sheet listing balance, section, and area. 
   • yoy - A balance sheet listing balance, sub-section, section, and area. 
3. Set the report parameters needed to narrow down the result.
4. Select the output under Generate to.
5. Click Play.

Generating the General Journal Report

The General Journal report shows all journal entries posted to any GL account in Legal Accounting.

1. Go to Financials > General Journal.
2. Click the arrow down and select the view, general.
3. Set the report parameters needed to narrow down the result.
4. Select the output under Generate to.
5. Click Play.