Financial Statements

Financial statements are standardized accounting records that show the performance of the business and are required by the relevant laws to be prepared as a result of the periodic activities of a business. These are statements such as balance sheet, income-expense statement, cost of goods sold, profit distribution, funds, and cash flow.

In other words; It is the summary information that shows the financial situation of the company in a certain period, including all the information such as the business bought, sold, debt, receivable, income, expense, profit, loss, stock, waste.


Regular, fast, and transparent financial statements are very important for today's businesses. Public audit, internal audit, relations with credit institutions are maintained through financial statements. Financial statements should also present meaningful information to managers so that managers can make the right decisions. Essentially, the financial statements are the result. The error-free financial statements depend on the correct opening of the chart of accounts and the correct accounting records.

In W3, financial statements are simple functions that can be easily filtered within a certain date range, converted to Excel or PDF format, and printed.

You can learn detailed information about financial statements and legal regulations from experts or from the books and articles of experts.


Before Use

  • Balance Sheet Form Definitions
  • Fund Flow Table Definitions
  • Income Statement Form Definitions
  • Cash Flow Statement Form Definitions
  • Cost of Sales Statement Definitions

Module Functions

  • Balance Sheet
  • Funds Flow Statement
  • Income Table
  • Trial Balance
  • Cost of Good Sold Statement 

Associated Functions in Other Modules

Financial statements are related to all transactions that make accounting records.


Tip

You can save and save the financial statements you filter. In this way, you can monitor retrospective changes.


Warning
In order for financial statements to be created automatically, financial statement definitions must be made in accordance with the rules. Table definitions come standard in W3. Users can rearrange the definitions if they wish. Especially companies that do business in different countries should make these arrangements carefully according to the rules of that country.


Suggestion

Check your financial statements regularly every month. Compare with the previous month's charts. If you do monthly checks, it will be easier to notice mistakes.


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