Topic: how to generate FINANCIAL STATEMENT report?
hi,
i have a user and wants to generate a FINANCIAL STATEMENT report... how do i that?
noister
Re: how to generate FINANCIAL STATEMENT report?
You can navigate to Banking and General Ledger tab and select Reports. Then you can run a Balance Sheet or Profit and Loss Statement.
There are also other reports for download in the download reports section.
/Joe
3 05/13/2010 08:30:27 am (edited by noister 05/13/2010 08:30:50 am)
Re: how to generate FINANCIAL STATEMENT report?
i see. but he wants a FINANCIAL STATEMENT report... they already tried the BALANCE SHEET and PROFIT and LOSS Statement and it's not what they're looking for...
also tried searching on the forum but haven't found same scenario.
noister
Re: how to generate FINANCIAL STATEMENT report?
Not sure what you mean by "Financial Statement". Could you explain a little more please?
W
Re: how to generate FINANCIAL STATEMENT report?
not sure but it's kinda like a summary of both TRIAL BALANCE and PROFIT and LOSS statement...
http://en.wikipedia.org/wiki/Financial_statement
noister
Re: how to generate FINANCIAL STATEMENT report?
Maybe you can use some of the downloadable reports from Download Reports page.
/Joe
Re: how to generate FINANCIAL STATEMENT report?
yes i see that page, but still not there.
Re: how to generate FINANCIAL STATEMENT report?
I suspect you really need some more definition to move forward on this. P&L and Balance Sheet are fairly standard across small-medium sized businesses, (particularly because the owners are far more interested in management accounts than the end-of-year reporting) but the statements on cash flows and retained earnings are rather more fluid. As an an example of cash flow,
company 1 may have:
Operations: $1000
Investing: $(2000)
Financing: $2500
Net Flow: $1500
Company 2 may have:
Operations: $1000
Shares Inv: $1000
Currency Inv: $(3000)
Financing: $2500
Net Flow: $1500
Same story, different words - but each is as viable as the other.