Reports
Understand your numbers with profit & loss, balance sheet and trial balance, plus VAT and payroll reports.
The core financial statements
| Report | What it tells you |
|---|---|
| Profit & loss | Income minus expenses over a period — whether you made a profit. |
| Balance sheet | What you own and owe at a point in time — your financial position. |
| Trial balance | Every account’s balance, proving debits equal credits — the basis of the accounts. |
VAT & payroll reports
Beyond the core statements, Valix produces the reports you need to file and review — the VAT return detail behind each box, and payroll reports covering what is due to HMRC and to your employees.
Drill down to the detail
Every figure in a report links back to the transactions behind it, so you can move from a headline number to the individual invoices, bills and journals in a couple of clicks — essential when you are checking a return or answering a question from HMRC.
Frequently asked questions
Can I run reports for any date range?
Yes — choose the period you need, from a single month to a full financial year.
Can I give my accountant access to reports?
Yes — connect your accountant’s practice account and they can review your reports directly.
Related guides
Still need a hand?
Our UK support team can help with your account.