29/07/2023
The Financial Reporting Template ( Single Currency) is a recording tool for businesses customized using Google Sheets to ensure that businesses can easily capture their daily transactions which automatically reports to the required monthly and yearly financial statements. It also helps to capture required schedules used by businesses and required by auditors during the annual financial audit. It supports collaboration and understanding the use of this tool would save businesses huge investments in software and annual subscriptions as this is a one-time purchase with the option of monthly/annual support by the developer. Reports and schedules that can be generated are as follows:
Reporting Dashboard
Statement of Financial Position
Statement of Comprehensive Income
Statement of Changes in Equity
Statement of Cashflow
Trial Balance
Journal Entries
Cashflow Projection (Based on business assumptions)
Annual Budget (Based on business department input)
Bank Accounts
Cash Accounts
Cash Advance Accounts
Staff Salary Account
Staff Loan Accounts
Revenue Schedule
VAT on Revenue
WHT on Revenue
Debtors Accounts
Aged Receivables
Creditors Accounts
VAT Liability Accounts
WHT Payable Accounts
Aged Payable
PPE Listing
PPE Summary
Prepayment Schedule
Prepayment Summary
Inventory Management
Inventory Movement
Loan Accounts
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