Financial Reports

This page displays everything related to financial reports, including access to the page, its features, uses, and types.

Instructions for Accessing the Financial Reports Page:

• First, navigate to the Financial screen from the main menu by clicking on the Financial option.
• Next, click on the Financial Reports window.

Concept and Features of the Financial Reports Page: Financial reports are important documents prepared by companies and organizations to shed light on their financial performance during a specific period, usually annually. These reports contain financial information and statistics that help investors and other stakeholders understand and evaluate the company’s performance.

Here are some of the main uses and benefits of financial reports:

• Financial Performance Evaluation: Financial reports provide an overview of the company’s performance in terms of revenue, expenses, and profits. Investors and shareholders can use this information to assess the company’s strength and sustainability.
• Investment Decision-Making: Investors rely on financial reports to make decisions about buying or selling company stocks. The numbers in these reports help evaluate the company’s financial health.
• Financial Policy Assessment: Financial reports help monitor how the company manages its financial resources and financial policies. This helps determine the sustainability of growth and profitability.
• Compliance with Financial Regulations: Many companies rely on financial reports to comply with disclosure and official filing requirements mandated by regulatory authorities and financial laws.
• Attracting Funding: When a company needs to attract funding from investors or banks, financial reports can be used to demonstrate its financial credibility and strength.
• Future Business Planning: Companies can use financial reports to estimate future financial trends and plan for growth and investments.
• Debt and Liquidity Monitoring: Financial reports help track the level of debt and the ability to repay it, as well as estimate how cash flows and liquidity are managed.

It’s worth noting that financial reports typically include key components such as financial statements (such as income statements, balance sheets, and cash flow statements) and important notes that help explain and interpret the financial numbers. These reports play a crucial role in building trust between the company and stakeholders and provide a transparent view of its financial performance.

The System Provides Several Filters for Extracting Reports, Including:

• Branch: Using the branch filter, you can extract financial and accounting reports specific to the selected branch.
• Date: By using date filters, you can access financial and accounting reports for a specific time period.
• Cash and Bank Account: By selecting the financial account filter, you can access all banking transactions related to the selected account, with the option to view transactions for all accounts.
• General Ledger Account: By using the account filter, you can access all accounting entries related to the selected account, with the option to view entries for all accounts.

The System Offers a Variety of Reports, Including:

Clear and Detailed Presentation of Financial Statements: In this section, we will provide a detailed analysis of financial statements, which are one of the most important financial reporting tools for companies and organizations. We will highlight key headings for easy understanding.

• Balance Sheet:

The balance sheet report is an essential report that provides a comprehensive overview of the entity’s financial position during a specific period, typically presented at the end of each financial period. It includes critical information, such as:

• 1. Assets: Reflects the current and fixed assets owned by the company.
  2. Liabilities: Indicates the obligations and debts that need to be settled.
  3. Equity: Shows the ownership rights and contributions to the entity’s net value.

• Income Statement:

The income statement is a fundamental tool for understanding the performance of the company or business entity during a specific period, typically on an annual basis. It is also known as the profit and loss statement, and it provides important details, including:

• 1. Revenues: Shows the income generated from the core business activities of the company.
  2. Expenses: Reveals the costs and expenses related to operating the company.
  3. Net Profit: Net profit can be calculated by subtracting expenses from revenues and is an indicator of the company’s net earnings.

In this way, financial statements become a powerful tool for examining and evaluating the financial position and performance of the company, helping investors and shareholders make informed financial decisions and understand the extent to which the company achieves its goals.

Detailed Reports on “Cash / Bank” Financial Accounts:

In this section, we will provide a comprehensive breakdown of financial reports relevant to cash and bank accounts. We will clearly highlight the content of each report.

• Cash/Bank Account Statement:

In this report, we will provide a detailed analysis of every transaction that occurred in each cash or bank account. This report will include detailed information, such as:

• 1. Transaction Value: We will specify the value of each transaction accurately, with full details.
  2. Transaction Number: We will record the number of each bank or cash transaction in an easily identifiable manner.
  3. Transaction Type: We will indicate the type of each transaction, whether it’s a deposit, withdrawal, transfer, or any other type.
  4. Total Value: We will present accurate information about the total value in each “Cash/Bank” account in a comprehensible summary.

• Bank Reconciliation Report:

This report will display all bank reconciliations that have been matched between the transactions and the balance recorded in the system with the bank statement. The report will include:

• 1. A list of all reconciliations: Clear display of all bank reconciliations, including their dates and details.
  2. Balance Comparison: We will present the balance recorded in the system compared to the actual account balance, highlighting any discrepancies.
  3. Analysis of Discrepancies: We will clarify the reasons for discrepancies if they exist, allowing the reader to understand their causes and address them if necessary.

In this way, detailed reports on financial accounts, whether cash or bank, will be more transparent and comprehensible, facilitating sound financial decision-making and ensuring the accuracy of financial records.

Conclusion: In the end, the system stands out for offering a diverse range of reports that meet the company’s needs, contributing to a deeper understanding of the company’s financial performance.