What are different financial statements in Accounting Software?

What Are Financial Statements?

Financial statements are written records that convey the business activities and the financial performance of an entity. Financial statements are often audited by government agencies, accountants, firms, etc. to ensure accuracy and for tax, financing, or investing purposes. Financial statements include:

• Balance sheet
• Income statement
• Cash flow statement.

What are the financial reports in iSocietyManager?

Currently, from the Society Accounting perspective, iSocietyManager has below statements to gauge the financial health and accuracy of accounts.

• Balance sheet
• Income statement
• Trial Balance
• General Ledger