 And so this is where we usually go internally, but it's useful to imagine it as a report because we don't have a total down here. If you look at the report, the idea is this is a sub ledger report breaking out this information, not by date, but by who owes us the money. And it should tie into what's on the balance sheet at any given time. And that's why the zero system will often not let us enter a transaction for accounts receivable, unless we have assigned a customer to it, otherwise the sub ledger would not tie out to the accounts receivable, and that would be messy. So if the other one, the inventory, as we saw before, if we're tracking, I'm gonna duplicate again, if we're tracking inventory within the accounting system on a perpetual inventory basis, then we will have inventory reports. So if I go to my inventory, I'll just type in inventory, and I look at my inventory item list. This is another sub ledger report that will be adjusted as we do inventory transactions, purchasing inventory with bills, checks, and so on, and then decreasing inventory on a perpetual basis with sales forms, invoices, and money out forms. So you can see our inventory list here. This will be adjusted, the number of inventory, two, eight, nine, six, as we do transactions that would increase and decrease inventory on a perpetual basis. And then we've got the fixed assets. They don't look, again, the sub reports for the fixed assets in the United States, oftentimes we might do those externally in tax software for a lot of many small businesses will do that because you have to do tax basis depreciation. And so you might as well use the software to do both book and tax. So we'll deal with those later in practice. What you need to do for tax preparation at the end of the year is make sure that you have a list of the new purchases and the sales that happened during the year, which there shouldn't be many of because we don't buy a lot of equipment from day to day. We just buy periodically. And then those adjustments need to be made on the sub ledger, which might be on the tax software so that the proper accumulated depreciation can be calculated. And then we can make periodic adjustments in our system either monthly or yearly based on that sub ledger. So we'll talk more about that in the adjusting entries. Accounts payable has another common report. So if I right click and duplicate again, we've got our, and let's go to the reports again and go to our reports. And let's take a look at accounts payable. Counts payable, we've got accounts payable summary. So similar report to the accounts receivable summary. And the idea is that we're gonna break out our payable by vendor who we owe money to. So in practice, we'll typically be tracking that by going to our customers and our suppliers or vendors or whatever you wanna call them. And there's our list, but once again, it doesn't give us the total. And so you wanna think about this from a reporting standpoint as a sub ledger breaking out your accounts payable by vendor, supplier, whatever, and then the total is gonna tie out to the liability account on the balance sheet. All right, and then we've got the credit card which we'll have bank credit card and the reconciliations we may need to deal with. There's no real sub ledger for the loan payable except that you might have an amortization schedule which is provided externally typically by the bank or the financial institution. But if they don't give you one, then you can generate one, an amortization table that'll break out interest and principal for each payment using Excel or online tools or actually your accountant to do that. So we'll talk more about how to do that in future presentations. So those are some of the reports that will be impacted as we do data input. So just remember, as we do the data input, then your primary thought is I'm gonna check out what happens to my primary financial statements, balance sheet income statement. And then I'm also going to then think of what other subsidiary reports are gonna be impacted, keeping special attention to those accounts that I wanna have very important and specific subsidiary ledgers for, that being the accounts receivable that has to be broken out by customer, inventory that has to be broken out by items of inventory and accounts payable that needs to be broken out by vendor as well. So when we do transactions to those accounts specifically, we wanna make sure that we don't do something funny to it that throws that out of whack, like doing a journal entry to accounts payable instead of entering a bill which properly tracks the vendor and so on and so forth. So we'll take a look at that as we do data input in the future. Let's take a quick look at some of the other reports. If I go to the tab to the right and go down to our reports down here, we've got our favorite reports, we've got the financial reports, the analysis, the budget reports. These are reports that would help us to kind of make projections out into the future. The financial statement reports, of course, being the balance sheet and the income statement being the primary two reports, the payables and receivable, the aging reports for the payables and receivables that we looked at. Notice that most of these reports are giving us more detail about one or multiple line items on the balance sheet or income statement. The reconciliation reports, bank reconciliations and credit card reconciliations primarily are an internal control type of report helping us to tie out to what is on the bank side of the financial institution. And then we've got our taxes, our 1099 report are important for the United States. Journal reports can help us to give us that detail of the journal entries, a journal entry format and then the general ledger which is similar to those drilling down when you drill down on this particular number on the balance sheet, but it'll give you the whole general ledger transaction by date report typically. And then you got your transactions, account transactions, duplicate lines and inventory item summary and so on. So the general idea, you think first balance sheet income statement all of these other reports are basically usually subsidiary reports giving you more information about one or multiple line items and that'll help you to kind of not be overwhelmed by the number of reports.