NAAPBOOKS allows you to create and share Indian Accounting Standards compliant financial statements and other management reports. NAAPBOOKS Financial Reports feature turns all your enterprise data into operational insights for better and quicker decisions. It increases productivity with minimal IT involvement.
Financial Reports braodly involves the disclosure of financial information to the management and other stakeholders about how the company is performing over a specific period of time. Financial reports are usually issued on a quarterly and annual basis but in this era of internet they are required in real-time basis.
There are two primary purposes of Financial Reports. It helps management to engage in effective decision-making concerning the company's objectives and overall strategies. It also provides vital information about the financial health and activities of the company to its stakeholders including its shareholders, potential investors, consumers, and government regulators.
We have adapted all the financial reports keeping in view of Indian Accounting Standards and other statutory reporting laws that applies to the type of business you have selected.
Trial Balance – It is a bookkeeping worksheet in which the balances of all ledgers are compiled into debit and credit columns.
Profit and Loss – It summarizes the revenues, costs and expenses incurred during a specific period of time, usually a fiscal quarter or year.
Balance Sheet – It is a summary of the financial balances of an individual or organization, whether it be a sole proprietorship, a business partnership, a corporation, private limited company or other organization such as Government or not-for-profit entity.
Cash Flow – It is a financial report that shows how changes in balance sheet accounts and income affect cash and cash equivalents, and breaks the analysis down to operating, investing and financing activities.
Ratio Analysis – It is is used to evaluate various aspects of a company’s operating and financial performance such as its efficiency, liquidity, profitability and solvency.