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Many of you have been asking how to balance the payments report with the sales report. We’ve just released a composite report that does it for you. The report takes a date range and generates a sales report and two payments reports.

• The sales report lists all the sales that were completed during the date range. It does not include layaways or special orders that were started but not completed during the date range. Our system counts uncompleted layaways and special orders as liabilities.
• The first payment reports shows all payments that were taken in during the date range for sales. This includes layaways and special orders that were completed during the date range.
• The second payments report shows payments that were taken in prior to the date range for layaways that were completed during the date range. These payments represent a transfer of the payment from a liability account to a sales account.

To view the report use the “Reports” menu item then choose “Accounting” and then “Sales and Payments Balance”.

You should see something similar to the screen shot below.