[GL] Month End Financial Reports

Created by Crystal Ann Harvey, Modified on Tue, 21 Oct at 11:15 AM by Crystal Ann Harvey

In many organizations, a financial packet (sometimes spelled “package”) refers to a bundled set of financial reports, dashboards and commentary that are prepared for management, stakeholders or business‑units, usually on a periodic basis (monthly, quarterly). It typically includes:

Balance sheet
Income Statement (P&L)
Budget Variance (Budget vs. Actual)
Income by Month
Work In Progress (WIP)

So in Vista’s context a “financial packet” would be the output of a standardized reporting process built on Vista data: e.g., monthly financial packet for the company and/or by project, to give leadership the needed insight.

Click Here for steps to setup your Balance Sheet and Income Statement.

General Ledger > Reports > +GL Balance Sheet

Through Month will be the Current Month.
Check or Uncheck options for preference.

PAGE 1: Assets

PAGE 2: Liabilities

General Ledger > Reports > +GL Income Statement

Beginning Month will be January, Ending Month will be the Current Month.
Check or Uncheck the options for your preference on how the report will be displayed.
If you would like to run the report for multiple companies, you have the option to enter each company number in the Companies field with a comma in between company numbers.

Programs > Reports > +GL Budget Variance

You must set up a Budget prior to running this report.
For instructions on how to setup a Budget Click Here.

General Ledger > Reports > +GL Income by Month

Can be ran for multiple companies if needed (20, 21, 22)
Select the months you would like to include on the report.

The +GL Income Statement by Months report is a financial report that shows a construction company’s revenues, costs, and net income broken down month-by-month over a specific period—usually a fiscal year.

Job Cost > Reports > + JC Work In Progress with Overrides Report

A Work in Progress (WIP) Report is a critical financial document that provides an up-to-date snapshot of the financial status of construction projects. It tracks the progress of projects compared to their budgets, billing, and costs.

A Work in Progress Report (or WIP Schedule) is a financial report that:

Shows actual costs incurred to date
Compares those to the estimated total costs
Tracks revenue earned vs. invoiced amounts
Highlights overbilling or underbilling
Helps assess profitability and project health

You can run the report by "Department" with the "Through Month" as the Current Month.

You can adjust the Contract amount/Est Cost @ Completion amount in JC Override Projections or PM Cost Projections.