Close Year-End & Run Tax Reports
To close your business year and capture year-end information, we recommend printing the following reports for tax purposes. To access the reports from the sidebar navigation, click
Reports.
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 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 if using a mobile device, click 
to export and download as another file type such as PDF. - When finished, click
to return to Reports.
If you need to adjust your on-hand amounts, see Make Inventory Adjustments. When finished, re-run the Inventory Listing by Category report.
The Inventory Purchases (Product Orders) report lists the wholesale total of products purchased from the company within a specified period with a Status set as Received in Boulevard. Each order will include a total for Retail products, Supplies, All Other Sections, Tax, and grand totals for all.
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.
- 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 if using a mobile device, click to export and download as another file type, such as PDF.
- When finished, click to return to Reports.
The Gross Receipts (Personal Sales) 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, the discounts given, and the sales tax charged.
Important Note: We strongly do not recommend using the Sales Summary by Date for tax reporting. It is intended for your personal recognition/information, not 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 .
- From the print preview form, click to print, or if using a mobile device, click to export and download as another file type, such as PDF.
- When finished, click to return to Reports.
The Non-Recovered Tax report is a running account, during a specified period, 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 if using a mobile device, click to export and download as another file type, such as PDF.
- When finished, click to return to Reports.
For Canada, see PST/GST/HST Rebate for more information.
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.
Tip: See Detailed Expense Report if you would like to print a report that includes the itemized entries for each category.
- 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 if using a mobile device, click to export and download as another file type, such as PDF.
- When finished, click to return to Reports.
Additional Information:
- See Handling Personal Use and Handle Demos, Donations, or Expired/Product Loss to print each report separately.
- Print a Detailed Expense Report