SoftGuide > Functions / Modules Designation > Balance sheet

Balance sheet

What is meant by Balance sheet?

The balance sheet is a key component of a company’s financial reporting and provides an overview of its financial position at a specific point in time. It consists of two main sections: the asset side, which shows the assets and their distribution, and the liability side, which reflects the financing through equity and debt. The balance sheet is used to assess the financial condition of a company and is a crucial foundation for investment decisions, credit assessments, and internal management.

Typical Software Functions in the Area of "Balance Sheet":

  1. Balance Sheet Preparation: Automatic creation and updating of the balance sheet based on the company’s accounting data.
  2. Asset and Liability Management: Management and classification of assets (resources) and liabilities (obligations) according to applicable accounting standards.
  3. Reconciliation and Verification: Functions for reconciling balance sheet items and verifying accuracy and completeness.
  4. Reporting: Generating balance sheet reports and analyses for internal and external stakeholders, including regulatory compliance.
  5. Comparative Analysis: Comparing the current balance sheet with historical balance sheets or industry benchmarks to analyze trends and developments.
  6. Integration with Other Financial Modules: Linking the balance sheet with other financial modules such as income statements, cash flow planning, and cost accounting.
  7. Automated Entries: Automating entries that affect the balance sheet, such as depreciation, provisions, and revaluations.
  8. Access Control: Managing access rights to balance sheet data to ensure confidentiality and integrity of the information.

 

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The function / module Balance sheet belongs to:

Annual financial statement and balance sheet

Software solutions with function or module Balance sheet:

jKARAT
 
 
 
 
 
 
The flexible, platform-independent and modern ERP solution for SMEs.
VlexPlus
VlexPlus
 
 
 
 
 
 
The all-in-one ERP system for the manufacturing industry
elKomKONS
 
 
 
 
 
 
Software solution for consolidation (HGB, IFRS, US-GAAP) and planning & reporting
ClubDesk
ClubDesk
 
 
 
 
 
 
With the ClubDesk online club software, you can guide your club well into the future.
TOPIX Financial Accounting
Powerful accounting software for SMEs
elKomPLAN
 
 
 
 
 
 
Software for integrated corporate planning, reporting and group consolidation
MService
MService
 
 
 
 
 
 
All-In-One-Software
fi-square
fi-square
 
 
 
 
 
 
The complete solution for manufacturing companies
WEST System©
 
 
 
 
 
 
WEST System© as an integrated complete system for services, industry and trade
Rental software solutions built to help your business grow and thrive
Show all 15 programs with Balance sheet