Reporting

Using Reporting, you can work out the extended trial balance, generate reporting and consolidate.

Note: 

A good alternative for the Reporting part in Profit Financial is the Reporting Cockpit. This functionality has been developed because of the changing legislative directives and developments which mean, for example, that the reporting must be done using the standard SBR in XBRL format. You can also use the reporting cockpit to lodge the CoC documents and send them in XBRL. Eventually AFAS will fetch the reporting functionality from Profit and we will advise you to use the new reporting cockpit instead of the old one.

Description

You use reporting for periodic figure-based reporting of the entered data so that you can take timely and adequate action where needed. You can select comparison with the budget and up to four comparison periods. You can set up the interim overviews entirely to your liking. You can generate the following parts:

  • Front page
  • Balance sheet
  • Comments on the Balance sheet
  • Profit and loss account
  • Comments on the Profit and loss account
  • Custom overviews
  • Final page

In Profit, there are two reporting processes:

  • Total reporting process without consolidation
  • Total reporting process with consolidation

Financial project

A financial project is the basis of all parts within the reporting. A financial project collects the trial balance and other information. From a financial project, you can work out the extended trial balance, create the reporting and generate an annual report.

You add financial projects in the environment on which you are reporting. You can also add a financial project based on a different environment. The practical application of this is:

  • At the accountant/administration office where the contacts are recorded in the accountant's environment. If you add the financial projects of the contacts to this environment, you use the centrally saved reporting models and you can add the generated reports to the dossier of the contact.
  • In a holding with subsidiaries, for which you make financial projects for the subsidiaries in the environment of the holding. In this situation, you work out the extended trial balance and generate the reporting. Here, you can use centrally stored reporting models.

Consolidation

You can easily include existing financial projects in a consolidation structure by dragging the projects in question to a tree structure. You can immediately see how the relationships are, for example with regards to a holding. When you consolidate, the figures are really pushed together. Two or more administrations are merged together at the balance level, creating one consolidated report. In the new consolidated project, you can then work out the extended trial balance and generate reporting.

Preparation

Procedure

Also see

  • View the reporting cockpit

    The reporting cockpit provides you with a simple tool for creating a balance sheet, profit and loss account and a financial indicators overview from Profit without having to use the extended Reporting component in Profit Financieel.