Create insightful financial reports to improve business performance and profitability

Stay on track with helpful financial insights from: invoice report, expense report, spending report, payments report and bad debt report. In addition, make strategic business plan using sales tax summary report, cash flow report, profit and loss report, balance sheet report and other accounting reports (journal, general ledger, trial balance, chart of accounts).

Financial reporting, using QuickBooks, Xero, Myob, Wave & Sage

Financial reporting using Instabooks

Streamline financial reporting to increase profitability

Instabooks automates the financial reporting process. Instabooks enables you to gain financial insights in real time using simple voice commands. No accounting knowledge is needed.

Transactions

Transactions are described in 1 sentence.

Journal

Relevant accounts are debited and credited.

Ledger

Relevant account balances are updated.

Reports

Financial reports are auto generated.

Financial reporting best practices using Instabooks

Here are 5 simple and effective Financial reporting best practices for small businesses

Instant financial reports to monitor and measure business performance

Access and view your financial reports in real time. Analyse your business data to know the cash position, profitability, operating and financing activities of your business. Share financial statements with your accountant, financial advisor and potential lenders.

Create cash flow reports

Instabooks makes it easy to know exactly where your cash is coming from and where it is going. Predict how much cash you will receive and how much cash you will need to put aside to pay for business expenses. Monitor your business cash flow reports regularly to remain cash flow positive.

Tax summary reports

Use Instabooks to automatically calculate your GST, VAT & sales tax. Access all the financial data you need to fill out your tax forms including your quarterly state and annual federal tax obligations.

Produce updated profit and loss statements

Match your business revenue against the expenses to understand your bottom line, net income, profit or loss. Learn how efficient is your business. Pay close attention to the revenue and the direct costs associated with revenue to calculate gross profit. See all expenses and costs that impact your operating profit. Finally view how business taxes and interest determine your net profit. Simply, check all gross profit margin, operating profit margin, and net profit margin in one easy to understand report template.

Generate a balance sheet

The balance sheet is a picture of your accounts receivable and payable that’s worth a thousand words. Know how much is owed to your business and how much you owe to others. See who is paying on time, who’s late. Determine which customers need more collection efforts or have uncollectible invoices. Check how much cash you have at the bank and how much extra you need to make to pay for business expenses. Finally, determine what your business is really worth and make a business plan to increase that.

Easy financial reporting with Instabooks online financial reporting software

Here are 5 features of Instabooks online financial reporting software

Cost saving

Cost saving financial reporting software

Instabooks financial reporting software automates journal entry to report steps and saves you $7,000, in comparison with Xero, QuickBooks and Sage.

Time saving

Time saving financial reporting software

Instabooks financial reporting software makes journal entry to report steps shorter and saves you 4 hours per week, in comparison with Wave accounting and FreshBooks.

Productivity

The most productive financial reporting software

Instabooks saves you 200 hrs / year on journal entry to report processes that equals to $10,000 of missed income, in comparison with Reckon, FreeAgent and Odoo.

Speed

The fastest financial reporting software

Instabooks records and reports each transaction in only 4 seconds. in comparison with Bill.com, Myob and Zoho.

Accuracy

The most accurate financial reporting software

In comparison with BQE Core and ZipBooks softwares that are only 50%-80% accurate in recording and reporting journal entry to report processes, Instabooks AI powered software is 100% accurate.

Cost saving
Time saving
Productivity
Speed
Accuracy