Pakk Academy
  • Welcome to the Pakk Academy
  • School of ERP
    • Introduction to ERP Systems
    • Purchasing and Demand Planning
      • Demand Planning
      • Suppliers
      • Purchase Orders
    • Sales Order Process
      • Line Concepts: VAT, Discounts, and More
      • Commitment of Stock
      • Dispatch Process
    • Invoicing and Payments
      • Generating Invoices
      • Handling Credit Notes
      • Managing Payments
      • Payment Disputes and Adjustments
    • Inventory Management
      • Stock Movements and Adjustments
      • Stock-Takes and Cycle Counting
      • Managing Stock Levels
      • Handling Overstock and Deadstock
    • Bookkeeping and Accounting
      • Recording Transactions
      • Reconciling Accounts
      • Financial Reporting
      • VAT Reporting and Compliance
    • Integrating Business Functions
    • Practical ERP Workflow Examples
      • Purchase-to-Pay Process
      • Order-to-Cash Process
      • Inventory Lifecycle Example
    • Best Practices
  • eCommerce Advice and Tips
    • New Store Owners Have the Wrong Priorities
  • eCommerce Launch Mega Checklist
    • Shipping
    • Payment
    • Customer Service and Information
    • Reviews
    • Legal and Compliance
    • Design, Site Function and Brand Message
    • Product Discoverability
    • SEO/Webmaster/Analytics
    • Merchandising and Content
  • The Maths of eCommerce
    • Markups and Margins
    • VAT Rounding
    • Stock Ordering Maths
Powered by GitBook
On this page
Export as PDF
  1. School of ERP
  2. Bookkeeping and Accounting

Financial Reporting

ERP systems provide powerful reporting tools to generate key financial statements such as profit and loss (P&L), balance sheets, and cash flow statements. These reports offer insights into the financial health of the business and aid in compliance with accounting standards.

Common Financial Reports:

  • Profit and Loss Statement: Summarizes revenue, costs, and expenses over a period.

  • Balance Sheet: Provides an overview of assets, liabilities, and equity.

  • Cash Flow Statement: Tracks the movement of cash in and out of the business.

Placeholder for Screenshot: Financial reporting interface in Pakk

PreviousReconciling AccountsNextVAT Reporting and Compliance

Last updated 7 months ago