Close Year-End & Run Tax Reports
When you are ready to close your business year in Boulevard and capture year-end information, we recommend printing the Year-End Guide & Checklist, which includes instructions on printing the following tax reports. Access these and other reports from the Business Tools menu by selecting 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. If you need to make adjustments to your on-hand amounts first, see Make Inventory Adjustments.
Important Note: It is important to run this report as close to the year-end as possible. This report can only capture your current inventory value when the report is run. If any sales or product orders for the next tax year have been entered before printing the Inventory Listing by Category report, run the Estimated Inventory Value report instead (found under the Inventory section).
- Under the Tax section, select the Inventory Listing by Category report, then click
Print (or double-click on the report). - From the preview window, click
to print (or 
to export as a pdf).
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. Mileage can be tracked in the Expense section or using the Trip Log.
- Under the Tax section, select the Summary of Expenses report, then click Print (or double-click on the report).*
- Enter the date range to print (or select from Quick Dates), then click
OK . - From the preview window, click to print (or to export as a pdf).
* To print a report with details of each expense, see Detailed Expense Listing.
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 Weekly Accomplishment Sheet for tax purposes.
- Under the Tax section, select the Gross Receipts** report, then click Print (or double-click on the report).
- Enter the date range to print (or select from Quick Dates), then click OK.
- From the Filter sidebar, choose whether or not to include Personal Use or Business Supplies.
- From the preview window, click to print (or to export as a pdf).
** The Gross Receipts report is based on invoices only and is the recommended report to be used for tax purposes. The Annual Gross Receipts by Month report is based on information obtained from the Weekly Accomplishment Sheet that can also include any manually added or removed information on the WAS.
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 Additional Discounts.
Note: Only closed orders with the status of Received that do not have a 
(indicating that they are still open) will be included in the report. Right-click and choose Close to set an order as received without changing your current inventory. View
- Under the Tax section, select the Product Purchases report, then click Print (or double-click on the report).
- Enter the date range to print (or select from Quick Dates), then click OK.
- From the preview window, click to print (or to export as a pdf).
If you need to add past product orders without changing your current inventory, see Create Past Orders without Changing On Hand Inventory (Historical Orders).
The Non-Recovered Sales Tax Summary 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.
- Under the Tax section, select the Non-Recovered Sales Tax Summary report, then click Print (or double-click on the report).
- Enter the date range to print (or select from Quick Dates), then click OK.
- From the preview window, click to print (or to export as a pdf).
Additional Information:
By default, invoices with the sale type of Personal Use and Business Supplies (demos, expired products, etc.) are included in the Retail Subtotal on the Gross Receipts report. In the Discounts section, an offsetting discount is also included, leaving only the product cost included in the Net Total. This indicates that the product was removed from your inventory, but no profit was made. Additionally, when Business Supplies invoices are created, an expense entry should also be created, which accounts for the cost of the product.
See Filter Invoices by Name, Invoice, or Discount Type if you would like to print Personal Use and Business Supplies separately.