The following reports should be generated monthly:
Month-end financial statements including the Balance Sheet, Income Statements, General Journal Listing report, and General Ledger Detail Listing report.
Productivity reports. These are very important if the timekeepers are paid on a performance basis. It is also a good idea to print the Work in Process reports directly after the bills have been posted. This is a check and balance opportunity to be sure that no client was accidentally skipped in the billing process.
Accounts Receivable reports. Again the time to print these reports is directly after posting bills and applying trust money.
Trial Balance report. This is a general ledger report.
The following reports should be generated yearly, before an accounting year is closed.
Accounts Receivable reports. Your accountant will need these for tax purposes.
Accounts Payable report (after all invoices have been entered and posted). Your accountant will need this for tax purposes.
Financial reports including the Balance Sheet, Cash Disbursement Listing report, Cash Disbursement Detail report, General Journal Listing report, General Ledger Cash Receipt report, General Ledger Detail Listing report, General Ledger Detail Listing, Income Statements, Income Statement with Budget Comparison report, and Trial Balance for Year report.