Hello, could you please explain why our balance sheet seems to show a rolling amount. I had a meeting yesterday for which I had printed out the balance sheet report and the person said it was wrong. It should balance as of today. Also how do I input investment into the accounts?

I'll have a look.

Ha. Well your banks balance would be wiped out with your credit card bills!

We'll we looking at it now. If it's a bug it usually gets rolled out at night.
When is your application due.

Cool. I had a look at your credit card liabilities and they're correct remember it's all transaction on your credit card since 22/03/2013. So they amount to €214,033.16 which is correct.

Hi John,
So traditionally businesses would close off accounts. But, that's a practice more designed for large companies that write off debt etc.
We built Bullet for small business, they run their business day to day week to week. So we give a live view of the accounts.
If you want to find out how you did over 12mts we let you set dates in the reports, or you can export them to excel and do all kinds of magic to them.
With respect to development adviser she's not an accountant, the reports are designed for accountants.
Like I mentioned John will come back with a better explanation as to why it reads the way it does.
Thanks Pete

Sure, technical side of accounts is complex. That's why we built Bullet. We get a lot of accountants questioning the product, turns out they're always wrong.
We had a Revenue Auditor in a company yesterday, complementing the product. Not often Revenue are happy.
Anyway. John will give you some answers. I've dealt with development advisers and accounting isn't in their skill set, indeed they told us Bullet was impossible to build. It's not a requirement for them to be accountants so unfair to expect that knowledge.
So we'll give you some base line answers, your accountant will be able to answer the detailed ones better.
Thanks Pete

Focus on growth John. F. the rest of it. What's what were here for.

Hi John,
The balance sheet is always a rolling amount to the date that you run the report for. You can compare with previous periods, or you can use the trial balance if you're looking for nominal account changes between 2 dates. The Credit Card payables means that you've told Bullet you paid for that much stuff using a credit card. However, you've never recorded that you paid a credit card bill, so bullet still thinks you owe 216K on your credit card. You can record credit card payment in the Add a Bill link under the Money Out section.