Accounting Cheat Sheet
The Profit and Loss (P&L) report shows the performance of the company over a specific period (usually the current year).
- The Gross Profit equals the revenues from sales minus the cost of goods sold.
- Operating Expenses (OPEX) include administration, sales and R&D salaries as well as rent and utilities, miscellaneous costs, insurances, … anything beyond the costs of products sold.
Accrual and Cash Basis Methods
CPABooks supports both accrual and cash basis reporting. This allows you to report income / expense at the time transactions occur (i.e., accrual basis), or when payment is made or received (i.e., cash basis).
Multi-companies
CPABooks allows one to manage several companies within the same database. Each company has its own chart of accounts and rules. You can get consolidation reports following your consolidation rules.
Users can access several companies but always work in one company at a time.
