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TrulySmall Accounting provides Business Reports that are most critical to running your business including:
Profit and Loss
Balance Sheet
Sales Tax
General Ledger
Unpaid Bills & Invoices
Trial Balance
All Transactions
Purchases & Sales
With each report Type, you can define a date range and set other filters that are appropriate for the report.
You can create custom reports that, once saved, will appear in your Reports list under a Custom Reports header, separating them from the Standard reports and allowing you to expand or collapse each section for easier viewing.
Profit and Loss
This report shows you your net profit (or loss) based on your total Income and your total Expenses in a specific window of time, and may help you identify potential cost-cutting strategies. This report can be exported in CSV or PDF format.
Use the filters to create the report you need:
Time Interval: choose to view data Yearly, Quarterly, or a Custom interval
As of Date: set the end date the report should run through. For a Custom interval you will choose Start and End dates.
Prior Periods: for Yearly and Quarterly, choose whether and how much additional data you want to see.
Project: select a single project you want to focus on
Arrange By: view amount totals by Account or Contact
Focus: view only Income, only Expenses, or both
Sort By: sort the list by Amount, Name or Contact
You can also choose whether to include or hide child accounts (sub-accounts) in the report.
Balance Sheet
This report will show you your company's assets, liabilities and shareholders' equity at a specific point in time, and provides a basis for computing rates of return and evaluating your capital. This report can be exported in CSV or PDF format.
Use the filters to create the report you need:
As of Date: set the end date the report should run through.
Detailed View: this toggle allows you to choose either a Detailed or Summary view of the report.
Sales Tax
Because TrulySmall Accounting calculates and tracks your sales taxes for you, this report shows you clearly how much tax you have collected and your pretax revenue.
Use the filters to create the report you need:
Tax: choose which tax code you want to report on.
Report type: choose either Accrual or Cash.
Start Date: set the date the reported details should begin.
End Date: set the end date the report should run through.
Note: At this time, Taxes are not supported for all countries.
General Ledger
This represents your company's debits and credits, providing a record of each financial transaction that takes place during the specified date range. TrulySmall Accounting lets you take a broad or narrowly-focused view. This report can be exported in CSV or PDF format.
By default, the report excludes accounts with no activity, streamlining the view for you.
Use the filters to create the report you need:
Time Interval: choose to view data for the Current Fiscal Year, Current Fiscal Quarter, Current Month, Last Fiscal Year, or Last Fiscal Quarter, Last Month, or a Custom interval
Start Date: set the date the reported details should begin.
End Date: set the end date the report should run through.
Accounts: defaulting to All accounts, you can narrow the scope of the report by choosing the specific Accounts you want to see. This will only include accounts that have activity.
Sort by: choose to sort by account Name or Number
Tax: choose which tax code you want to report on.
Exclude accounts with no transactions: eliminates accounts that have no activity for the defined time interval and date range. Toggle it off if you want to see those accounts. If you have never had any activity on a given account, that account will not appear regardless of this toggle setting.
Unpaid Bills & Invoices
These aging reports of your accounts payable and receivable enable you to visualize what and who you owe; and what is owed to your business and by whom.
Use the filters to create the report you need
Report Type: choose either "Unpaid Bills" or "Unpaid Invoices".
Select Date: choose either "Today" or "Custom". If your business has more than one year of information in TrulySmall Accounting, you will also see an option for "Previous Fiscal Year End".
As of Date: set the end date the report should run through. This date will be added for you when you select other than "Custom". If you change the date here, the Select Date will change dynamically.
Contacts named in the report are hyperlinked. Clicking on the name, will take you to the list of transactions that are included in the aging data you are viewing.
This report can be exported as a PDF.
Trial Balance
This report lists all your accounts and their balances, as of a certain period in time.
You have the following options to choose from when viewing your report.
As Of: This selects the date you want to report from. So if you want to see all your account balances as of November 28, 2025, you would pick this date in the As Of Date field.
All Transactions
This report provides a chronological log of all transactions entered into the TrulySmall Accounting system. This is extremely helpful for auditing and ensuring data integrity.
Purchases & Sales
If you have saved products in TrulySmall and included them on transactions, you will have the ability to generate a Purchases and Sales report in the Reports section. This report provides a breakdown of quantities, total amounts and average amounts of each product within the selected period.
Create Custom Reports
If you have created a report that you know you'll need to reproduce in the future, you can save that as a custom report.
Click on the Save Report button in the upper right then, after giving the report a name and verifying the filters are set correctly, click on the Save button.
Once saved, custom reports can be recalled with one click from the Custom Reports section of the reports list.
History Log
TrulySmall Accounting records and displays an audit trail of all activity on the History Log page. If a transaction was changed, you are able to see exactly what was changed and by whom. If a transaction was deleted or modified incorrectly, you can use the change log page to find and correct it. In addition, each transaction has a unique ID and timestamp.
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Quick Links!
Start Up Guide Smart Inbox Importing Data Accounts Dashboard Transactions Contacts Invoices Bills to Pay Reports Settings Taxes