Topic
Financial reporting
Financial statements, management reports and the accounting concepts behind the numbers on them.
Articles
Financial reporting, explained.
ERP What is ERP? Meaning, Modules and Examples ERP (enterprise resource planning) is software that runs finance, procurement, sales, inventory and reporting on one shared database, so teams share records. Dhatri Medarametla 2 min
AR What is an AR Aging Report? Format, Example and How to Read It An AR aging report lists unpaid customer invoices grouped by how long they are overdue: 1-30, 31-60, 61-90 and 90+ days. It shows which balances to chase first. OneFinOps Editorial 3 min
ERP Month-End Close Process: Steps and Checklist The month-end close is how finance records, reconciles and reviews a month so the books can be locked. Steps, a GST and TDS checklist, and a close calendar. Dhatri Medarametla 3 min
ERP What is a Chart of Accounts? Structure, Types and Example A chart of accounts is the numbered list of every ledger a business posts to, grouped into assets, liabilities, equity, income and expenses, with a sample. Dhatri Medarametla 3 min Glossary
The terms you will meet.
Financial reporting Accrual Accounting Recording revenue when you earn it and expenses when you incur them - not when cash moves. The accounting standard every Indian company must follow. Also called accrual basis of accounting, accrual method, mercantile system of accounting Financial reporting Amortization Spreading the cost of intangible assets (patents, software, licences) over the years they generate value - depreciation's less-talked-about sibling. Also called amortisation Financial reporting Asset Depreciation Writing down the value of machines, vehicles, and buildings over their useful life - with two different rule books for accounting and tax. Also called depreciation, fixed asset depreciation, depreciation of assets Financial reporting Balance Sheet A financial statement that presents a company's total assets, liabilities, and shareholders' equity at a specific point in time. Also called statement of financial position, statement of assets and liabilities Audit and controls Financial Audit An independent examination of a company's financial statements to provide assurance on their accuracy and true and fair view. Also called statutory audit, audit of financial statements, external audit Due dates and calendars Financial Year (FY) The 12-month accounting period from April 1 to March 31 used for tax filings, financial reporting, and statutory compliance in India. Also called accounting year, tax year Financial reporting Fiscal Year The 12-month accounting period used by governments and businesses in India, running from April 1 to March 31. Also called fiscal period, budget year
See it in the product
Financial reporting, in the product.
PlatformMIS ReportsPre-built CFO, AR, AP and compliance dashboards from the operating ledger. Drag-and-drop MIS builder. Drill from KPI to source invoice.Financial OperationsAccounting SoftwareGeneral ledger, chart of accounts, journal entries, period close and Schedule III financial statements. The core books every other module posts to.Accounting SoftwareFinancial StatementsP&L, balance sheet, cash flow generated from the ledger. Schedule III layouts. Drill from line to source.MIS ReportsCFO DashboardLive cash, runway, financial ratios, AR/AP aging and compliance posture on one screen.MIS ReportsCash Flow StatementDirect/indirect method. Operating, investing, financing. Live from ledger.Accounting SoftwareFixed Assets & DepreciationSchedule II depreciation under Companies Act. WDV, SLM, units-of-production. Disposal with capital gain/loss inline.DomainFinancial ManagementAccounting, Accounts Payable, Accounts Receivable, Banking and Cash, Tax and Compliance, Financial Reporting
