A daybook report is a concise summary of daily financial transactions recorded by a business or organization. It serves as a fundamental document in accounting, providing a chronological record of all financial activities within a specific time frame, typically a single day.
This report typically includes details such as the date of each transaction, a description of the transaction (such as sales, purchases, expenses, or receipts), the amount involved, and any relevant accounts affected (such as cash, accounts receivable, accounts payable, etc.).
Daybook reports play a crucial role in maintaining accurate financial records, facilitating financial analysis, and ensuring compliance with accounting standards and regulations. They serve as a basis for preparing financial statements, reconciling accounts, and monitoring the financial health of the business on a daily basis.
How to open the Daybook report:
- Go to the Report module in the left sidebar.
- Click on the Daybook report button in the Financial Report section.
On this page multiple filters are available and the user can export this report to PDF format and Excel format.
