> ## Documentation Index
> Fetch the complete documentation index at: https://docs.techfootintl.com/llms.txt
> Use this file to discover all available pages before exploring further.
# Financial Reports
> Understand how your business is doing with simple summaries.
## **Reports in BookSpree**
BookSpree automatically creates reports for you based on the transactions you record. You don't need to do any math; the system does it for you!
## **1. Trial Balance**
This report check if your books are "balanced." It lists all your accounts and their current totals. In simple terms: it makes sure that all money moving out matches all money moving in.
## **2. Balance Sheet**
This is a "Snapshot" of your business. It tells you:
* **What you OWN** (Assets like Cash, Computers).
* **What you OWE** (Liabilities like Loans, Unpaid Bills).
* **Your Value** (Equity).
## **3. Profit & Loss (P\&L)**
This is the most important report for most owners. It tells you:
* **Income**: How much money you made from sales.
* **Expenses**: How much money you spent to run the business.
* **Net Profit**: How much money is left over (Money Made - Money Spent).
