Software for the Business of Being Creative® Since 1986  

Ask Clients & Profits Sales:

   What is Clients & Profits? • Features • Tour • Pricing • Demo • News • Training & Support

Financials

Clients & Profits prints standard financial statements tailored especially for the advertising industry.

  • 1st Coordinate Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here.

    2nd Coordinate Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here.

    3rd Coordinate Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here.

    4th Coordinate Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here.

    5th Coordinate Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here.

    6th Coordinate Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here.

    7th Coordinate Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here.

    8th Coordinate Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here.

    9th Coordinate Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here.

    10th Coordinate Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here.

    11th Coordinate Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here.

    12th Coordinate Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here.

    13th Coordinate

    13th Coordinate Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here.

    14th Coordinate Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here.

    15th Coordinate Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here.

    16th Coordinate Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here.

    17th Coordinate Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here.

    18th Coordinate Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here.

  • 1st Second Coordinate Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here.

    2nd Second Coordinate Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here.

  • 1st Third Coordinate Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here.

    2nd Third Coordinate Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here.

    3rd Third Coordinate Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here.

    4th Third Coordinate Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here.

  • 1st Fourth Coordinate Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here.

  • 1st Fourth Coordinate Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here.

  • 1st Fourth Coordinate Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here.

  • 1st Fourth Coordinate Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here. Write here.

‹›



These financial reports are used for auditing, tracking, and reporting your G/L accounts balances. You can print trial balances, income statements, balance sheets, and detailed general ledger reports for any accounting period -- at any time during the month.

Financial statements show account balances from the General Ledger and the Chart of Accounts. These account balances are updated when entries are posted, so the financial statements are always timely and accurate whenever they’re printed.

The account totals on the financial statements are copied from the Chart of Accounts. To see one account’s totals: Choose Setup > Chart of Accounts. Click once on an account to select it, then choose Edit > Monthly Budgets. The center column, actuals, is the total from posted entries. Entries added in the General Ledger affect financial statements when they’re posted. Unposted entries won’t appear on financial reports. Be sure to post everything before printing financial statements.

There is no month-end procedure required to print financials. Since the G/L account balances are updated whenever entries are posted, your financial statements will always be up-to-date throughout the month.

The AGI Income Statement

The income statement shows the agency’s profit and loss. There are two kinds of income statements, the standard form and the agency gross income form. Both forms show the same accounts, but have different sub-totals. These sub-totals affect how the percentages are calculated.

The standard income statement sub-totals income accounts, job cost accounts, and expense accounts. Gross profit is calculated as billings minus job costs. A gross profit percentage is calculated showing job costs as a fraction of the total billings. An account can appear in the income or job cost section, based on its classification (which is user-defined). Expenses are listed below the gross profit. The expense percentage for each overhead account is calculated as a percent of the billings, not gross profit. This calculation shows your ratio of overhead to total billings.

The AGI income statement combines your billing and job cost accounts into the same section. The gross profit is calculated as the billings minus job costs (like media, typesetting, printing, etc.). This amount is your agency gross income. Expenses are listed below the AGI. The expense percentage for each overhead account is calculated as a percent of gross profit, not billings. This calculation shows the ratio of overhead to gross profit -- the agency’s gross income.

To print financials

1 Choose Financials from the Snapshot menu.

The Financials snapshot window opens.

2 Select the kind of report (i.e., Trial Balance, Detail G/L, Income Statement, etc.)

3 Make your report selection.

4 Click Print.

Financial Statements

Trial Balance

Trial Balance

The Trial Balance shows assets, liabilities, equity, income, costs, and expenses. You’ll see each account’s beginning balance, current balance, and ending balance. Assets, costs, and expenses have positive balances; liability, equity, and income accounts have negative balances.

Year-to-date Trial Balance

The Year-to-Date Trial Balance report shows balances for each accounting period for assets, liabilities, equity, income, job costs, and expenses -- for the entire year. The report is split into two sections: the first six months and the last six months.

Trial Balance Worksheet

The Trial Balance Worksheet shows each account’s current and ending balance plus two blank columns, so the printed report can be used as a worksheet to calculate adjustment and adjusted balance amounts.

Detailed G/L

Detailed G/L

The Detailed General Ledger report shows the period’s journal entries for each account. Each account includes its beginning and ending balances for quick reference. For easy auditing, journal entries can be printed for selected accounts.

Detailed G/L (expanded)

The Detailed G/L (expanded) report shows all the information on the Detailed G/L along with each journal entry’s job, client, and vendor information.

Income Statement

Income Statement

The Income Statement shows income, job cost, and expense accounts as well as net profit/loss for the shop. The standard format shows gross profit as billings less job costs. It also shows expense ratios as part of total billings. The AGI format shows expense ratios as part of gross profit, not total billings.

Comparative Income Statement

The Comparative Income Statement compares this years income, job cost, and expense accounts to the amounts from last year.

Client P&L

The Client P&L report shows billings, direct costs, gross profit, and gross profit by client. Unlike the Client P&L Analysis, it does not break out each client’s share of overhead.

Client P&L Analysis

The Client P&L Analysis shows each client’s income, costs, direct labor, direct expenses, plus their share of the overhead allocation. The net income earned is calculated by client. Costs come from all posted costs to the jobs (all A/P invoices and Job Cost checks). Direct labor amounts pull directly from the Overhead Allocation Worksheet (not available in C&P X Classic).

Job P&L

The Job P&L shows billing, direct costs, expenses, and gross margin for one period.

Balance Sheet

Balance Sheet

The Balance Sheet shows ending balances for assets, liabilities, and equity. It shows your net worth.

Comparative Balance Sheet

The Comparative Balance Sheet compares assets, liabilities, and equity between two fiscal years.

Budgets

Budget vs. Actual

The Budget vs. Actual report compares each G/L account’s budget with its current balance. Budgets are entered for each account in the Chart of Accounts. You’ll have the option to compare month-to-date and year-to-date totals, including percentage variances.

Comparative Budget vs. Actual

The Comparative Budget vs. Actual report compares G/L account budgets with actuals for the current period and the year-to-date.

Monthly Budget Worksheet

The Monthly Budget Worksheet lists G/L accounts with the current month’s budget. An extra column is included to make manual revisions, which would be entered later into the Budget Worksheet window.

YTD Budget Worksheet

The YTD Budget Worksheet lists G/L accounts and their year-to-date budgets, plus an extra column for making revisions to the budget amounts.

Proforma Income Statement

The Proforma Income Statement projects the shop’s income using the period’s budgets.

Analysis

Statement of Cash Flows

The Statement of Cash Flows report uses each G/L account’s cash flow category to calculate operating, investing, and financial activities totals for the period.

Cash Flow Detail Report

This report shows detail of the amounts on the Statement of Cash Flows. It is used to analyze the amounts use to calculate the totals shown on the Statement of Cash Flows.

Media WIP Analysis

The Media WIP Analysis report is used to audit balance of the Media WIP Accruals liability account, which is updated from media billing and vendor invoices.

Ratios

Liquidity Analysis

The Liquidity Analysis report measures the ability of the company to meet cash requirements. It’s based on the ratio categories entered for each G/L account.

Profitability Analysis

The Profitability Analysis report measures how well the company is utilizing its resources

Solvency Analysis

The Solvency Analysis report measures how the company’s financial health with ratios such as debt-to-equity, cash flow to interest, debt-to-assets, and more.