Financial statements — trial balance, P&L, balance sheet & cash flow

The four core statements built straight from your books — trial balance, profit & loss, balance sheet and cash flow — recomputed from every invoice, payment and expense, with a period picker and a clean CA handoff.

Finocket builds the four core financial statements straight from your books — trial balance, profit & loss, balance sheet and cash flow. Every invoice, payment and expense posts behind the scenes, so the statements are always current the moment you or your CA open them.

The four statements

Trial Balance — every ledger with its debit or credit balance for the period, totalling to zero. A Balanced badge confirms it, and you can drill down into any ledger to the postings behind it. The starting point your CA reconciles from.
Profit & Loss — income less expenses over the period: what the business actually earned. The format Indian small businesses and their CAs expect, with inventory folded in when you track stock (see Closing stock & COGS).
Balance Sheet — what you own and owe as at a chosen date. It's cumulative: every posting up to that date is included.
Cash Flow (books) — where cash actually moved over the period, built on the direct method: receipts and payments by source, not accrual adjustments.

Accountant-mode users see Tally-style labels on the same screens, so a CA feels at home instantly.

Pick the period

Each statement has a period control — a month, a quarter or a financial year. The balance sheet asks for a single "as-at" date instead, since it's a snapshot. Change the period and the numbers recompute from your postings.

Hand statements to your CA

Your CA can read every statement live with a read-only invite, or you can bundle a date range into the Hand-to-CA export — which also carries the one-tap Tally XML of masters and vouchers. Every change to an invoice, payment or expense is captured in a permanent, append-only audit log, so the statements always trace back to who recorded what.

Access & control

Owners and assistants see everything; an invited accountant reads all four statements, the drill-downs and the audit log read-only. The statements live under Reports — no extra module needed beyond your core books.

Frequently asked questions

What is the P&L statement format for a small business in India?

Income at the top, expenses grouped below, net profit at the bottom — with gross profit shown separately when you track stock (sales − cost of goods sold). Finocket produces exactly this from your recorded invoices and expenses, for any month, quarter or financial year.

Do I need double-entry knowledge to get these statements?

No. You record invoices, payments and expenses in plain language; Finocket does the double-entry posting underneath and the statements assemble themselves.

How do I check my books are consistent?

Open the trial balance: if it shows the Balanced badge (debits = credits), your postings are internally consistent. Drill into any ledger to see the entries behind a number.

Can I get a monthly P&L automatically?

Yes — the P&L recomputes live from your books; open it with the month preset any time. No period-end "generate" step is needed.

GSTR-9 annual return summary

See a full financial-year GST summary built from your invoices and expenses — outward supplies by rate, ITC and tax paid — to prepare and cross-check before filing GSTR-9.

Reports, GSTR-1 / 3B and Hand-to-CA

Cashflow, income vs expenses, projects, GST returns (GSTR-1, 3B, 8, ITC summary), TDS summary and the one-tap Hand-to-CA ZIP bundle.

GSTR-8 reconciliation for marketplace sellers

Every month, diff your marketplace-derived invoices against each marketplace's settlement view. Catch mismatches before filing.