Audit Trail Reports

As part of your period-end and year-end procedures, you are required to print out records of your business operations for your accountant, providing information on financial transactions during a specific period:

Report Month End Calendar Year End Fiscal Year End
Income Statement (month-to-date) x   x
Income Statement (year-to-date) x   x
Balance Sheet x   x
Transactions By Account (past month) x   x
All Transactions (past month) x   x
Chart of Accounts x   x
Cheque Log (for purchases and payroll) x    
Direct Deposit Log x    
Vendors and Purchases      
Purchase Transaction Details x   x
Payment Transaction Details x   x
Vendor Aged (summary and detail) x   x
Customers and Sales      
Sales Transaction Details x   x
Receipts Transaction Details x   x
Customer Aged (summary and detail) x   x
Payroll      
Payroll Transaction Details (past month) x x  
Employee Year-to-date summary   x  
Employee Detail   x  
T-4 slips and summary   x  
Releve 1 slips and summary   x  
Payroll Remittance report At the end of the remittance reporting period (for the amounts owed to government tax authorities.)
Inventory and Services      
Inventory (Quantity and Summary) x   x
Item Assembly Transactions (past month) x   x
Adjustment Transactions (past month) x   x
Tax reports for the taxes you report End of tax reporting period
Account Reconciliation

(summary and detail)
During and after reconciliation