Accounting reports will not only allow you to keep track of company activities, but they will also – and this is critical – assist you in maintaining a budget, forecasting cash flow, and forecasting income. They also allow for a comparison of the current condition to a prior one and/or to a prediction. The better the financial analysis or prediction, the more accurate the records are. Top management can make better-informed judgments about investments, sales, and acquisitions if they have an impartial perspective of the financial status. Good accounting aids financial analysts in comprehending and interpreting data, and hence successfully communicating it.
And to help the companies deal with such crucial and important tasks BenchStep ERP brings a series of Accounting Reports that will help in recording and presenting the information of every single activity or transaction that happens in business.
List of Accounting Reports
And many many more…