Balance sheet statement accounting

Here you will learn how to activate and set up the system tools required to maintain accounting by assets and liabilities items and generate the Balance sheet statement.

You can use the Balance sheet statement to analyze the company's financial state. Use the statement to simply analyze the company management accounting data. The statement is generated VAT inclusive in management accounting currency. You can generate the balance sheet statement only based on the management accounting data. Local accounting data is not available for the Balance sheet statement.

Balance sheet statement indicators are affected by turnovers of the assets and liabilities items. Standard assets and liabilities items are predefined. You can create other records of assets and liabilities items you need for balance sheet statement accounting.

Settings to allocate standard business transactions to particular assets and liabilities items are also predefined. You cannot change them in the user mode. The Flow of other assets and liabilities document allows you to register additional business transactions by other assets and liabilities items created manually in the system.