📍 Where to find this module?
Main menu > Finance > Accounting
The general accounting standard defines financial statements as “a structured financial representation of events affecting a company and the transactions carried out by it.”
The objective of financial statements is to provide information about the financial position, performance, and cash flows of a company, information that is useful to a wide range of users for making economic decisions.
This information may concern the state of its financial structure, the composition of its assets, the evaluation of its performance, and the measurement of its profitability. They provide precise information to the company’s managers, as well as its partners and third parties.
Financial statements summarize in a clear and structured way the events that have affected a company throughout its existence, as well as the transactions it has carried out with third parties. These tools make it possible to
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Conduct precise analyses, particularly in the context of business takeovers, company valuations, mergers, demergers, or asset contributions
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Perform comparisons over time (from one year to the next)
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Carry out comparisons in space (with a competing company in the same sector)
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Make economic decisions
And in KAFINEA? #
The various essential financial statements are available via the following path: *** Finance > Accounting** *tab Financial statements:
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Trial Balance
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General Ledger
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Simplified Profit and Loss Account
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Profit and Loss Account
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Balance Sheet
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Simplified Balance Sheet
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Notes (Coming soon)
The Trial Balance and General Ledger allow you to navigate to the documents (invoice, payment, manual entry) that comprise them.
In the case of Profit and Loss Accounts and Balance Sheets, it is possible to zoom in from the amounts shown to their breakdown and access the details of the relevant accounting account(s). Any adjustments made, if necessary, are then automatically reported in the accounting statements. A simple screen refresh allows you to view the new adjusted amounts.