Report

Generate financial statements for "$ARGUMENTS" from reconciled data. Produce a profit and loss statement, balance sheet, and cash flow statement with trend analysis.

Arguments. $ARGUMENTS may contain the project name and optional flags. Take the first token as <project> and treat --skip-checks as a flag; never include flags in file paths. All paths below use <project>. If --skip-checks is present, skip the prerequisite check and, before writing any artifact, append one line to .metapowers/bookkeeping/<project>/skip-log.md: - <ISO timestamp> — <skill name> skipped prerequisite check for <artifact file> — reason: <reason or "none given">.

Compute with code. Perform every calculation (totals, balances, ratios, variances, projections) with a script — Bash, Python or a spreadsheet formula written to a file — and include the computation alongside the result. Never do arithmetic mentally.

Prerequisites

Read .metapowers/bookkeeping/<project>/03-reconcile.md for reconciled balances and adjusting entries.

Process

1. Prepare trial balance:

   • List all accounts with their reconciled balances
   • Verify total debits equal total credits
   • Apply any period-end adjustments (accruals, deferrals, depreciation)

2. Generate Profit & Loss (Income Statement):

   • Revenue accounts (4000-series)
   • Less: Cost of Goods Sold (5000-series)
   • Equals: Gross Profit
   • Less: Operating Expenses (6000-series)
   • Equals: Operating Income
   • Plus/Minus: Other Income/Expenses (7000-series)
   • Equals: Net Income

3. Generate Balance Sheet:

   • Assets (1000-series) — current and fixed
   • Liabilities (2000-series) — current and long-term
   • Equity (3000-series) — including net income from P&L
   • Verify: Assets = Liabilities + Equity

4. Generate Cash Flow Statement:

   • Operating Activities — cash from core business
   • Investing Activities — asset purchases and sales
   • Financing Activities — loans, equity, dividends
   • Net change in cash for the period

5. Analyze and highlight:

   • Key ratios (gross margin, net margin, current ratio, quick ratio)
   • Period-over-period trends if prior data exists
   • Anomalies or areas of concern
   • Cash runway estimate

6. Write the artifact to .metapowers/bookkeeping/<project>/04-report.md with sections:

   • Trial Balance — all accounts with balances
   • Profit & Loss — full income statement
   • Balance Sheet — full statement of financial position
   • Cash Flow Statement — cash movements by category
   • Key Ratios — financial health indicators
   • Commentary — narrative on trends and concerns

Output

The financial report written to .metapowers/bookkeeping/<project>/04-report.md. Present a summary highlighting:

• Net income/loss for the period
• Total assets and liabilities
• Cash position and runway
• Key ratios and any concerns

End the artifact with this paragraph, verbatim:

Not financial or tax advice. This artifact is generated analysis for review by a qualified accountant or financial professional before any filing, reporting or decision relies on it.