Two reports let you read your books like an analyst: standard financial ratios (profitability, liquidity, leverage, efficiency) and a budget-vs-actual comparison with variance. Both compute live from your double-entry books — current the moment you open them.
The ratios Finocket computes
Open Reports → Ratio analysis, pick a date range, and Finocket works out the standard ratios accountants use, grouped into:
- Profitability — net profit margin, return on equity, return on assets.
- Liquidity — current ratio and quick ratio (can you cover what you owe?).
- Leverage — debt-to-equity and debt ratio.
- Efficiency — expense ratio and asset turnover.
Each ratio shows its value and the formula behind it, so nothing is a black box — and reads NA when there isn't enough data to compute (for example, a ratio that would divide by zero). No spreadsheet gymnastics; the inputs come from your trial balance.
Budgets and variance
Open Reports → Budgets & variance to set a budget — for the whole business, a specific ledger account, or an expense category — for a month or a year. Finocket then compares budget to actual from your books and shows the variance, flagging where you're over or under. Set a fuel budget per month, a marketing budget for the year, or an overall spend ceiling, and check the screen before committing to new spending.
What does the Exception report catch?
Everything that looks wrong in your books, on one screen: negative balances, long-overdue bills, cancelled invoices with activity, unadjusted advances and drifting invoice statuses — each row linking to the record so month-end review starts from the problems, not the printouts.
Access & control
Owners and assistants set budgets; an invited accountant reads both reports read-only — the ratio sheet is a natural page for your CA's quarterly review. Both live under Reports with your core books; no separate module.