FANDOM


Financial Reports

This function provides Finance department a set of standard Financial Reports to view company’s financial health. To view the financial reports, you may go to Accounting >> and click on Financial Reports

MainMenu-Finance

Balance Sheet

  1. The balance sheet represents the financial position of the business as at a particular date. This report is very commonly used by accountants to present the condition of the company’s financial standing to the owners of the company or the investors.
  2. With this report, accountants and business owners are able to see a snapshot of the company’s financial position and make analysis as required. The system will automatically calculate the amounts from the opening balance right up to the selected date. This calculation is based on GAAP. Assets = Liabilities + Owner’s Equity.
  3. Detailed Report View provides the company balance sheet in details such as the last date of the previous year along with each month of the current year balance sheet figures.
BS

Income Statement

  1. The income statement, also known as profit and loss (P&L) provides business owners with information regarding the profitability of the company. The income statement can be presented from any date range required. The system will automatically calculate the Revenues and the Expenses of the company based on the start and the end date selected.
  2. The date ranged can be selected to present the income statement for a whole month, quarterly or yearly. The total revenues will be calculated and a Net Income/Loss for the date range selected will be present.
  3. Detailed Report View provides the company income statement in details of each month for the current year.
  4. Income statement report has been defined further by allowing users to select, filter and generate reports for departments, projects and contact type. Users can choose to make comparison within the selected departments, projects or contact type or to generate individual report.
FinancialRpt-Dropdown
PL

Cash Flow Statement

  1. The cash flow statement is a report which provides the movement of money through the company for a selected period. The cash flow statement provides information on operating activities, investing activities and financing activities of the organization.
  2. Business owners and accountants are able to use this report to analyze the liquidity of the company. Banks may use this report when determining loans or credit. Potential investors will also find this report useful in the decision making.
Cashflow

Trial Balance

  1. The trial balance report served the purpose of double entry system for accountants and bookkeepers; to prove that the total debit balances in the accounts equal to the total credit balances.
  2. he system has in-built mechanisms and calculations to handle double-entry automatically, therefore trial balance will undoubtedly remain balanced.
  3. For the purpose of audit and accounting requirements, the trial balance can be produced for any specified date. The trial balance will generate report for a specific date or of today (the day the report is generated). This is so the users can make comparison of the specific date with the current date.
TB

Transactional Trial Balance

  1. The transactional trial balance report served the same purpose as the above trial balance, however, it allows users to select and compare trial balance within two specific dates.
  2. Select two specific dates for the trial balance. The report will showed specifically the trial balance of the dates, side by side so that it will easier for the users to make comparison of the two dates.
TB

Account receivables ageing report

  1. The account receivables ageing report list the customer who’s Invoices are unpaid or partially paid within the agreed payment terms. The report segmented past-due Invoices by number of days and customers.
  2. Ageing Report can be view via Reports >> click on Receivables Aging. Users may filter the report by selecting customer that they would like to send the end-of-month ageing statement to.
  3. Select the Receivables as of Date – the system will use this date as the starting point for calculating and categorizing the ageing.
  4. Select Age by Invoice Date – the system will use the Invoice date to calculate aging classifications. Do note that Invoices within payment terms will not appear in the 0-30 classification.
  5. Select Age by Payment Terms –the system will user the payment terms to calculate aging classifications. Do note that Invoices within payment terms will fall under the 0-3- classification.
  6. Click View Report button.
Debtorstmt

Account payables ageing report

The account payables ageing report list the vendors who’s Invoices are not yet paid or partially paid within the agreed payment terms. The report segmented past-due Invoices by number of days and vendors.

  1. Ageing Report can be viewed via Reports >> click on Payables Aging
  2. Select Vendor if you wish to view for a specific vendor or View All by leaving it unselected
  3. Select the Payables as of Date – the system will use this date as the starting point for calculating and categorizing the ageing
  4. Select Age by Purchase Date – the system will use the Invoice date to calculate aging classifications. Do note that Invoices within payment terms will not appear in the 0-30 classification.
  5. Select Age by end of Payment Terms –the system will user the payment terms to calculate aging classifications. Do note that Invoices within payment terms will fall under the 0-30 classification.
  6. Click View Report button.
Creditorstmt

Accounting Preview Reports

Accounting preview reports allow you to view your organization's financial status if it were to include UNPOSTED transactions.

These reports are meant to be used for comparison purposes and as a financial guide only. At no point of time these reports represent your organization's actual financial status.

To view the preview reports, go to Reports >> click on List of Reports Available for Preview

17

Make Bulk Payment

This module will create Payment Vouchers (multiple) for any Purchase Invoices with a Payment Amount.

To perform bulk payment, go to Accountings >> click on Create Bulk Payment

18

Steps:

  1. Enter your Vendor
  2. Select the Date Range
  3. Click on Search button to continue
19
19 A

Payment Voucher will auto-generate by the system in Payment Voucher Listing.

To view, go to Purchases >> Click on View Payment Voucher

20

Bulk Receive Payment

This module will create Receipts for any Sales Invoices with a Payment Amount (open status).

To perform receive bulk payment, go to Accountings >> click on Create Bulk Receive Payment

21

Steps:

  1. Enter your Customer
  2. Select the Date Range
  3. Click on Search button to continue
22
22 A

Receipts will auto-generate by the system in Receipt List.

To view, go to Sales >> Click on View Sales Receipt

23

Ad blocker interference detected!


Wikia is a free-to-use site that makes money from advertising. We have a modified experience for viewers using ad blockers

Wikia is not accessible if you’ve made further modifications. Remove the custom ad blocker rule(s) and the page will load as expected.