Financial Statements Features and Functions
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Financial snapshots
Financial Snapshots: There are any number of financial targets managers and owners should follow; only one of which are the financial statements at the end of a fiscal period. Tracking daily sales or Accounts Receivable balances are just two of these benchmarks. This question asks whether a system provides a special screen or screens which are updated continuously (daily) by which users can track information of importance to them. Some systems offers a single set of financial snapshots. The most productive system should display any information that can be generated by any part of the system and there should be a separate screen for each user so that they can track what is of importance to them personally.
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Business Unit Financial Statements
Financial statements can take many forms. While it may not be possible for systems to meet the needs of each user, it should be possible to produce standard financial reports most companies require from time to time.
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Summary Standard Financial Reports
Balance sheet and income statement are statements produced by every system. Some users may be interested in the ability of a system to produce statements summarizing only the revenue, cost, or value of each major account (such as cash).
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Detailed Standard Financial Reports
Users can refer to a more detailed set of statements (checking, payroll, and savings).
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Historic Financial Data Maintenance
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Comparative Income Statement
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Comparative Balance Sheets
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Budget Reports
The system can produce specific classes of budget comparison reports.
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Cash Flow Analysis Options
This question lists several forms of cash flow analysis that might be of interest to users.
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General Ledger Month End Schedules
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Financial Statements (General)
This question asks whether a system provides a special screen or screens which are updated continuously (daily) by which users can track information of importance to them. Some systems offer a single set of financial snapshots. The most productive system should display any information that can be generated by any part of the system and there should be a separate screen for each user so that they can track what is of importance to them personally.
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General Ledger Features and Functions
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