GL Reconcile

Key GL Reports

Balance Sheet Summary

On Click of  the report will be generated .

The report details the summary of balances of relevant Account Heads. (Total of Shell Account will be printed in the Balance Sheet.)

Balance Sheet Detail

On click of the report will be generated . 

The report details on the individual Child accounts of balances of relevant Account Heads will be printed. (Refer the Highlighted Account Heads)

GL Details

On Click of . The Date range window pops up to choose the account head &

the date period for which the report is to be generated, more than one account also can be selected,

with Multiple Account select option available in the list.

Income Statement

The report parameters are chosen as per the requirement of that time to know exactly what's the revenue earned.

Brief explanation on the Income statement report is appended below.

An income statement is a report that provides information how much revenue a company has earned over a specific time. 

(usually for a year or some portion of a year).

An income statement also shows the costs and expenses associated for earning that revenue.

The income statement presents revenue, expenses, and net income.

The components of the income statement include revenue, cost of sales, sales, general, and administrative expenses, other operating expenses,

non-operating income and expenses, gains and losses, non-recurring items and net income.

Key Details Report

 

An accounts receivable (A/R) aging report lists unpaid customer invoices by aging ranges.

The reports list the customer who are defaulted for payment & their credibility to continue with business.

The report is generated based on the as on date. The provision to aggregate,

the Parent Company or to individually know the receivables option is provided,

F- marked against a customer indicates the credit check done last has failed.

Accounts payable reporting is the ongoing process of tracking and recording,

all business expenditures on how much we owe our Vendors to  know our liability.

The report is generated as on date to in detail of each payable with aging.

Accounts payable reports cover cash expenses, mortgage or rent, utility payments, and the overall cost of doing business.

Inventory Cost Details

Inventory cost includes the costs to order, freight and hold inventory etc.,

The management is very keen to keep track of the inventory value on hand to avoid capital being locked. 

The report can be generated with specific attributes with specific location, aging of inventory (days) & by material tags.

 

Open Accruals

The report is generated by click on Open Accruals as on a particular date. 

Report list down all accruals according to the type ( refer to brief overview of Accruals)

An accrual, or accrued expense, is a means of recording an expense.

incurred in one accounting period but not paid until a future accounting period.

Accruals differ from Accounts Payable transactions in that an invoice is usually.

not yet received and entered the system before the year end.

Recording an accrual ensures, the transaction is recognized in the accounting period when it was incurred, rather than paid.

This is a requirement of GAAP-based accounting and provides a more accurate.

and up-to-date view of the company's financial position.

When recording an accrual, the debit of the journal entry is posted to an expense account,

and the credit is posted to an accrued expense liability account, which appears on the balance sheet.

Company's pays for the expense, an entry to reduce the accrued expense liability and to

reduce cash is recorded by posting a debit to the accrued expense liability account and a credit to the cash account.

Reconcile Accruals

The reconcile accruals report is generated for each accrual type as on a

given date to identify new accruals & the accruals reversed.

Inventory Accrual Details

The reconcile accruals report is generated for each accrual type as on a

given date to identify new accruals & the accruals reversed.

Payable Accrual Details

The reconcile accruals report is generated for FRT-OUT type as on a

given date to identify new accruals only when a release is created & the accruals reversed-when invoiced.

COGS DETAILS REPORT

Cost of goods sold, known as COGS or cost of sales, is a company's direct cost of producing.

goods sold to a distributor, retailer, or manufacturer during a given period.

The cost is deducted from revenue or sales to determine a company's gross profit and gross margin,

its sales revenues minus the direct cost of goods sold and the amount of gross profit generated by percentage.

The COGS can be generated with date range or selecting one of the date range attributes as required for analysis. 

Reconcile Inventory

Inventory Changes

On click of  the system prompts for report generation

 in either format as on a given date (by default System date)

can be changed to view the report as on a particular date, the details of all Tags.

affecting inventory or material received for processing etc., is detailed in the tag to find out the errors if any.

Inventory Accrual Details

On Click of the button  the report is a sub report of the earlier report which details only on the material received on a date.

Inventory Material Value

The report details all material received with details of weight,  Product, Price ,

material value, adjustment cost , if any has been charged to the tag & the material reserved for the customer,

the report helps in analysing the material value (capital) locked in inventory.

Invoice Details