Financial Reports
The process of documenting and communicating financial activities and performance over specific time periods, typically quarterly or annually, is known as financial reporting. Financial reports are used by businesses to organize accounting data and report on their current financial situation. Numerous financial reports are available for public review, and they are also necessary for making projections of future profitability, position, and growth in the industry. When reporting financial data, there are several primary statements to use, and the information you include in these documents accomplishes several important goals of financial reporting.
Finca Solution Financial Reports features
- Monitor Financial Performance
- Compare Actual Results to the Budget
- Monitor Compliance
- Construct Ratios
Finca Solution Generate 3 Types of Reports
- Income Statement
- Balance Sheet
- Cash Flow Statement
External evaluation of a company’s financial performance is made possible by its financial statements. The liquidity and solvency of a company are shown on the balance sheet, while the profitability of a company is shown on the income statement. By keeping track of cash sources and applications, a statement of cash flow links these two together. Together, financial statements show how a company is doing in comparison to its competitors and over time.
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