Feature
Financial statements that tie to each other
A statement is only worth reading if it agrees with the others. Bizsoftbiz computes all four from one ledger, so they do — and shows you the reconciliation that proves it.
Six-column trial balance
Opening balance, period movement and closing balance, each as a debit and a credit column, for any date range. Run it after a year-end close and it correctly shows nil revenue — the closing entry is respected rather than filtered out, because that is what a trial balance is for.
Manufacturing profit and loss, with a COGM schedule
The P&L sections by account subtype, so selling expense and administrative expense are separate lines rather than one bucket. Underneath it sits a cost of goods manufactured schedule: raw materials consumed, direct labour, factory overhead, the work-in-process roll-forward and the finished-goods roll-forward. For a store that does no manufacturing the schedule collapses to opening plus purchases less closing, which is the periodic cost of sales a retailer expects.
Grouped comparative balance sheet
Assets, liabilities and equity grouped by subtype, with a comparative column. Balances are signed by account type, so a contra account like accumulated depreciation renders as the negative line a balance sheet is supposed to show rather than inflating total assets. Retained earnings is folded live from every revenue and expense line since inception, which is what keeps assets equal to liabilities plus equity at every instant, closed year or not.
Cash flow, direct and indirect
Both methods, both available, and structurally incapable of disagreeing: they share one classifier that splits every cash movement into operating, investing and financing by looking at the largest non-cash line in the same entry. The indirect method’s last operating line is an explicit residual rather than a list of every balance-sheet movement, which keeps a summary statement a summary.
Statutory fixed assets schedule
The note to the accounts in the SECP / ICAP prescribed format — one row per class of asset, cost and accumulated depreciation each rolled forward in five columns, written down value and a cost-weighted rate, and a total line. Both adjustment columns are residuals, so each half of every row ties by construction.
Questions, answered
Can I run these for any period?
Yes. The workspace has one shared period control, so every statement in it reports the same window — a balance sheet and the fixed assets schedule that is a note to it can never be showing different dates.
What is the control account reconciliation?
Seven rows putting a general ledger control balance beside the records behind it: receivables against open invoices, payables against open bills, inventory against the stock valuation, fixed assets and accumulated depreciation against the register, card and mobile clearing against non-cash tender, and revenue against sales. A difference is shown as something to look at, not flagged as an error, because some differences are legitimate.
Related capabilities
Double-entry accounting that posts itself
Most point of sale systems give you a sales report and leave the bookkeeping to someone else. Bizsoftbiz keeps a genuine double-entry general ledger underneath the till, and every transaction writes to it as it happens.
Read moreA fixed asset register that ties to the ledger
Register what you own, depreciate it on a schedule, and produce the statutory note to the accounts without rebuilding it in a spreadsheet every year.
Read moreReceivables and payables, with the aging that matters
Selling on account is where small businesses lose money quietly. Bizsoftbiz tracks what you are owed and what you owe as real documents, ages them, and produces the statement you send to chase them.
Read moreSee it on your own numbers
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