Report by Period or Report by Date

 

Different scenarios require different reporting metrics. Financial statements, like an Income Statement, may be most relevant when viewed by accounting period. This means the date ranges will be related to period- this month, last month, last fiscal year to date, etc. Transaction detail reports, such as the Sales by Customer Detail report, may be more appropriately filtered by specific date ranges both inter and intra period. For example, you may look at sales this week vs. last week, or enter a custom date range from March 17 through June 24. The list of standard date ranges from which to choose is much more detailed when reporting by date; however, accounting requirements often require reporting by period.

Many users do not realize they have the ability to pick between these options, and, instead, are relegated to using just one of these methods.

Users can change between their reporting date ranges at Home > Set Preferences > Reporting/Searching subtab > “Report by Period” field.

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Setting this field determines which reports will report by Accounting Period rather than by date. There are three options: Financials Only, All Reports, and Never.

Selecting Financials Only means that only your financial statements (Income Statement, Balance Sheet, Etc) will report by Period, but all other reports, such as Sales reports, will continue to report by Date.

Selecting All Reports will apply the Accounting Period date filter to all reports with a date range, including sales reports, support metrics, and marketing reports. Finally, Never means that all reports, including your financial reports, will use the Date filter, and not the Period filter.

Income Statement by Period:

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Income Statement by Date:

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