STAGE 3 · Take care of the business

Lesson 15 of 22 · 6 min read

Read daily and monthly finances

Compare bookings, finalized sales, actual collections and outstanding balances.

Open Finances ↗

The workspace link may ask you to log in. Read this guide alongside your own account.

  1. 1

    Choose the reporting period

    Open Finances. Select Today, This month, Last 3 calendar months or Custom dates. For custom dates, choose From and Through and select Apply dates. Reports use India time and INR.

  2. 2

    Read each measure separately

    Finalized revenue follows completed bills. Collected follows actual receipt dates, including advances. Net cash flow follows money in and out. Current outstanding describes unpaid balances now; it is not a reconstruction of an old closing balance.

  3. 3

    Select an individual day

    Use Every day, at a glance to choose a day in the selected period. The report narrows to that date so you can compare its booking count, daily revenue and transactions. Use All dates in period to return to the range.

  4. 4

    Reconcile the detail

    Review Daily totals and Transactions, including their final totals. A collection received today for yesterday’s bill can appear on a different day from the sale. An advance is a receipt, not another playing sale.

PUT IT INTO PRACTICE

Try it at your ground

Choose a completed day and reconcile the report against its finalized bills and actual collections.

You’re ready to move on when…

You can explain why Collected and Finalized revenue may differ without assuming a missing payment.

STAGE 3 OF 4

Take care of the business

All 22 lessons ↗

Questions about this step

Why are revenue and collected money different?

Finalized revenue follows the bill’s completion date, while Collected follows actual receipts, including advances. They can fall on different days. Outstanding is a current unpaid balance, not a historical closing balance. Compare the daily transactions rather than counting a receipt as a second sale.

How do I see a month, three months or a custom period?

Choose Period in Finances. Select Today, This month, Last 3 calendar months or Custom dates. For a custom period, set From and Through and choose Apply dates. Click a calendar day for that day, or return to the full period.

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