CashManager Plus users who have activated the general ledger option can also utilise a basic “financial statements generator”. This is launched via the Reports | Financial Statements menu.
The financial statements generator prints out a standard profit and loss statement and balance sheet in a structured way, based on report categories.
To explain how this works, each account in your chart belongs to a reporting category, like income, expenses or current assets. This is managed via Setup | Chart of Accounts. Further, each of the Report Categories belongs to one of nine financial statement groups:
• Income
• Direct costs
• Other income
• Expenses
• Profit & Loss Appropriation
• Capital
• Current Assets
• Non-current assets
• Current liabilities
• Non-current liabilities
These are managed via Setup| Report Categories. The financial statements generator will print financial statements in a fixed layout, based on these categories.
When running the financial statements, you also have an option of reporting by sub-account in much the same way as with the Monthly Reports.