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Financial Reports

Most businesses spend days if not weeks in generating meaningful reports. This is mainly because the tools they use do not support data capturing at the source. With Tez Books, you can capture data at the source and generate graphs and reports in real-time. This helps you take data-driven decisions.

A financial report is a periodic statement that presents the financial status of a company for a particular period. It provides the details of the business operations and transactions. They are also known as financial statements, which include:

  1. Balance Sheet: A report detailing the assets, liabilities, and capital of a business. This financial report illustrates the net worth of your company and its financial position.
  2. Profit & Loss / Income & Expense Statement: A Profit and Loss (P & L) statement measures a company's sales and expenses during a specified period. The function of the Profit & Loss statement is to total all sources of revenue and subtract all expenses related to the income. It shows a company's financial progress during the period being examined.
  3. Cash-flow Statement: A cash flow statement, is a financial statement that summarizes the cash and cash equivalents entering and leaving a company. This report breaks the analysis down into operating, investing, and financing activities.
  4. Inventory/Closing Stock Reports: TEZ Books has integrated several inventory valuation methods which includes first-in, first-out (FIFO), last-in, first-out (LIFO), and the average cost for the evaluation of Inventory and generating Closing Stock Reports. The aging stock report also helps the company in taking action on obsolete or dead stock before they turn into a liability.
  5. Aging Analysis: This report lists unpaid customer invoices and vendorbills by the date range. It determines which invoices are overdue for the payment. The standard reports contain the following Information, which can be configured as per your requirement:
    1. Invoices that are 30 days old or less
    2. Invoices that are 31-60 days old
    3. Invoices that are 61-90 days old
    4. And Invoices that are more than 90 days old

    The collection department can focus on the invoices, which are due by distinguishing the above. This helps in maintaining a healthy cash flow as well.

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