Close Year-End & Run Tax Reports – Boulevard® Online Support Center

To close your business year and capture year-end information, we recommend printing the following reports for tax purposes.

From the sidebar navigation, clickReports. After printing, click to run each additional report.

Inventory Listing by Category (Cost of Goods)

The Inventory Listing by Category report lists the wholesale value or cost of goods of all products you have on hand, sorted by category.

Important Note: It is crucial to run this report as close to the year-end as possible, but before any inventory orders or invoices are entered for the new tax year. This report can only capture your current inventory value when the report is run.

From the Inventory section, click the Inventory Listing by Category report.
From the print preview form, click to print, or click to export and save as another file type such as PDF.

If you need to make adjustments to your on-hand amounts, see Making On Hand Inventory Adjustments. When finished, re-run the Inventory Listing by Category report.

Inventory Purchases (Inventory Orders)

The Product Purchases report lists the wholesale total of products purchased from the company within a given time period. Each order is a separate line item with totals given for Section 1 (retail product), Sections 2 and 3 (business supplies), and Sales Tax.

From the Inventory section, click the Inventory Purchases report.
From the Date Range screen, if necessary change the Start and End dates (or choose from the quick pick list) then click .
From the print preview form, click to print, or click to export and save as another file type such as PDF.

Please Note: Only closed orders with the status of Received, that do not have a (indicating that they are still open or placed) will be included in the report.

Gross Receipts (Personal Sales)

The Gross Receipts report is solely based on invoices and is the recommended report for gross personal sales to be used for tax purposes. This report groups the invoices by the invoice sale type, along with the discounts given and sales tax charged. We strongly do not recommend using the Sales Summary by Date for tax purposes.

From the Sales section, click the Gross Receipts report.
From the Date Range screen, if necessary change the Start and End dates (or choose from the quick pick list) then click .
By default, the report will include Personal Use and Business Supplies. To exclude those amounts, from the print preview form, click and choose Exclude from either option, then click .
From the print preview form, click to print, or click to export and save as another file type such as PDF.

Summary of Expenses

The Summary of Expenses report lists expenses, income, and any other unit of measure grouped separately (i.e., Mileage) within a given period grouped by category with totals for each.

From the Expenses section, click the Summary of Expenses report.
From the Date Range screen, if necessary change the Start and End dates (or choose from the quick pick list) then click .
From the print preview form, click to print, or click to export and save as another file type such as PDF.

Non-Recovered Tax

The Non-Recovered Tax report is a running account, during a specified time, of each transaction where the amount of sales tax collected differs from the amount your business paid when the product was purchased.

From the Sales section, click the Non-Recovered Tax report.
From the Date Range screen, if necessary change the Start and End dates (or choose from the quick pick list) then click .
From the print preview form, click to print, or click to export and save as another file type such as PDF.

For Canada, see PST/GST/HST Rebate for more information.

Additional Information:

See Handling Items Taken from Inventory for Personal Use and Handling Items Taken from Inventory as Demos, Donations, Expired, Etc. to print each report separately.
Print a Detailed Expense Report

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