Finance - Bad Debtor Process
Financial Summary Report
The Financial Summary is used to perform an account level verification of data imported from Retail Express to your accounting package. In this report, transactions are broken down by:
- Income
- Payment Method
- Sales (type of sales, both taxable and tax-free)
- Freight
- Gift Vouchers
- Laybys
- Accounts Receivable Movement
- Inventory Movement
- Purchases
- Direct Costs
- Duty
- Surcharges
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Using the Financial Summary Report
To access the Financial Summary Report:
- Open Retail Express
- Navigate to Reports > Accounting Reports > Financial Summary Report
- Select from the Filters as required (see below for a detailed explanation)
- Click Search
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Filters
| Filter | Details |
| Date From/Date To |
The date the transaction applies to your accounts. These are inclusive dates, meaning if you select from 15/01/2019 it will include transactions on those dates
Note: If you entered a payment on the 1st of July, but backdated the payment to the 30th of June, the payment will appear on this report on the 30th of June.
|
| Accounting Method | Only the Accrual Method is supported - you will need to confirm this method with your bookkeeper or accountant. |
| Country | Used to limit the report to locations within that Country only. Countries are configured via Settings > Locations/Outlets > Countries
|
| Store Type | A categorisation method used to separate your individual outlets. Refer to the Outlets - Store Types article for more information |
| Outlet | The individual Outlets in the database |
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Troubleshooting Discrepancies
If you've found discrepancies, use the Accounting Reports for a detailed review of transactions and to assist with reconciliation.
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