Financial statements in WEDATA ERP
Your company's figures, clearly
Profit and loss, balance sheet, cash flow and trial balance, all built directly from your entries. Choose any period, trace any figure down to its underlying entry, then export the result as Excel or PDF.
More than 8 years of experience in business solutions
Features
Four core financial reports
to read your figures
Profit and loss
Shows your revenue, expenses and net income over any period you set: a month, a quarter or a year. It starts from revenue, cost of goods sold and gross profit, then operating expenses, operating income and other income and expenses, down to net income.
Trial balance
A listing of the debit and credit balances of every account in the general ledger with the total of both sides. Equal totals confirm the records are sound; a difference points to an error in the entries, such as a posting error, transposed digits or an unrecorded transaction, to be corrected before the final statements.
Balance sheet
A snapshot of your financial position on a given date: assets on one side, liabilities and equity on the other, with assets equal to their sum. The statement shows your company's ability to meet its obligations and the soundness of its financial position.
Cash flow
Track the cash entering and leaving your business through operating, investing and financing activities. You know where liquidity came from and where it went during the period, so you plan your coming obligations on actual figures, not estimates.
Supporting tools
Tools that shorten the path
to the right decision
Excel and PDF formats
Save a copy of any statement as Excel or PDF in your company's archive.
Drill-down to the transaction
Move from any line's total to the detailed transactions that make it up.
Custom date range
Set the start and end dates and produce any statement for the period you need.
General ledger report
A detailed report of journal entries and every account's movement for full review.
Financial ratio analysis
Analyse financial ratios to measure performance against your benchmarks and support strategic decisions.
Share the statements
Produce your statements and share them with management or official bodies whenever requested.
Integrations
Statements built on
your real data
Every sales or purchase invoice, and every point of sale or online store movement, is posted to the ledger, so the statements come from your actual operations. The system integrates with more than 400 apps, including WordPress, Shopify and Salla.
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Sales, purchasing and e-invoicing
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Sales channels connected to the accounts
FAQ
Frequently asked questions
about financial statements
What accountants and business owners ask most before adopting the system.
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Which financial statements does the system produce?
The profit and loss statement, balance sheet and cash flow statement, plus the trial balance, general ledger report and financial ratio analysis, with the period you want set for every report.
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Can I download the statements as Excel or PDF?
Yes. Every statement can be downloaded as Excel or PDF, to keep for later reference or send to your chartered accountant or any body that requests it.
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How do I know where a figure in the statement came from?
With drill-down: click the line in the statement and the transactions that made up its value appear, so you verify the figure's source without searching the books by hand.
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Can I customise the report period?
Yes. Set the period's start and end dates as you like, whether a month, a quarter, a full year or any other span.
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What does an unbalanced trial balance mean?
It means an error in the accounting records: a posting error, transposed digits or an unrecorded transaction. It must be corrected before preparing the final financial statements so the results are accurate.
Ready to read your figures clearly?
Start your free trial with WEDATA ERP and produce your financial statements for any period in minutes.