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Changes for page Year End Preparation-2

Last modified by Isaac Mejia on 2026/02/05 15:22
From version 9.1
edited by Isaac Mejia
on 2025/12/15 17:01
Change comment: There is no comment for this version
To version 10.1
edited by Isaac Mejia
on 2026/02/05 15:08
Change comment: There is no comment for this version

Summary

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Content
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33 33  
34 34  The Sales by Category report can be pulled for any time frame and shows you the total revenue that you have during that time frame (regardless of how much you have received in payments)
35 35  
36 -image:kb-1487569563-1487438259-1.jpg
36 +[[image:kb-1487569563-1487438259-1.jpg]]
37 37  
38 38  All downloads from myVolo are tab delimited files, simply save the file and open excel and open the file
39 39  
40 -image:kb-1487569563-1487438266-1.jpg
40 +[[image:kb-1487569563-1487438266-1.jpg]]
41 41  
42 42  And it will be formatted into rows and columns for you
43 43  
44 -image:kb-1487569563-1487438272-1.jpg
44 +[[image:kb-1487569563-1487438272-1.jpg]]
45 45  **Payments by Type:**
46 46  
47 47  This is a record of when you received money for sales that you have made. This is a critical report for balancing your bank account every month! We recommend pulling this report at the end of each month/year so that you can balance your bank account.
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48 48  
49 49  This report allows you to click on any part of it and see what invoices/members made up that amount of money that you received.
50 50  
51 -image:kb-1487569563-1487438278-1.jpg
51 +[[image:kb-1487569563-1487438278-1.jpg]]
52 52  
53 53  If the deposits to your bank account don’t match simply click on the date/payment method and you will see a breakdown of the transactions involved
54 54  
55 -image:kb-1487569563-1487438284-1.jpg
55 +[[image:kb-1487569563-1487438284-1.jpg]]
56 56  **Outstanding Invoices:**
57 57  
58 58  This is a real time report so it is critical that you pull this report on the last day of the year to have an accurate reflection of what was outstanding at the end of your financial year.
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59 59  
60 60  If you think that some of those invoices are no longer collectable then we would recommend that you return the item in myVolo which will create a negative sales reference thus lowering your total revenue for the year, iIf possible do it before the end of the year.
61 61  
62 -image:kb-1487569563-1487438290-1.jpg
62 +[[image:kb-1487569563-1487438290-1.jpg]]
63 63  
64 64  Again make sure that you download and save this report as if you look at it 2 weeks or 2 months from now it could be completely different.
65 65  
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67 67  
68 68  This report is only relevant for people that pre-sell packages and long term memberships that you might be required to re-imburse your clients for. If you have been paid for appointments but haven’t yet provided them to the client then you “owe” the client these sessions and that is why this is looked at as a liability. This is a real time report so every time a client checks in myVolo is adjusting how many appointments are outstanding so make sure you download and save this report at the end of the year!
69 69  
70 -image:kb-1487569563-1487438296-1.jpg
70 +[[image:kb-1487569563-1487438296-1.jpg]]
71 71  
72 72   By reviewing your financial reports on a regular basis the foundation of your business is going to be nice and strong and you will be able to focus on new projects and new clients rather than scrambling to find the data you need to take care of the tax man!
73 73