Books at a Glance¶
Books at a Glance answers one question: where does my business stand today? Six figures and three status lines, each opening the screen behind it. Open it from Books ▸ Reports ▸ Books at a Glance. It shows one outlet, the one named at the top.
Why it matters for filing¶
It does not file anything. It tells you early what will matter when you file: GST to pay and its due date, TDS you deducted and have not paid, and whether your income tax figures for the last year are ready.
The six figures¶
| Figure | What it means | Opens |
|---|---|---|
| Cash in hand | The cash ledger after the last closed day. A minus means more cash was recorded as paid out than came in: check the drawer counts. | The cash ledger |
| Bank balance | Your bank accounts together, named under the figure. | The bank ledger, or Banking when you have more than one |
| Owed to suppliers | Purchase bills not yet paid, and how much of it is overdue. | Bills Payable |
| GST to pay for month | The GST to pay in cash for the last month (or quarter), with its due date. | GSTR-3B for that month |
| TDS to pay | TDS you deducted and have not yet paid to the government. | Expenses |
| Profit this month so far | Profit from the 1st of the month to today, before closing stock. | Profit & Loss for the month |
GST to pay and TDS to pay are not your money. They are owed to the government, so do not count them as cash you can spend.
Status¶
| Line | What it means | What to do |
|---|---|---|
| Yesterday | Whether yesterday was closed in Day Close. | Close it, so its sales are in your accounts. |
| Books for year | Whether entries for the last financial year are still allowed. | Close the year in Accounts ▸ Year Close once its returns are filed. |
| Income tax return for year | Figures ready, or how many things to check before you file. | Open ITR figures. |
Related¶
- ITR figures — the year's figures for your income tax return.
- Profit & Loss, Balance Sheet and Trial Balance — the full statements.
- Year Close — closing a year for changes.