Profit and Loss

Introduction

Profit and loss statements summarise the revenues, costs, and expenses incurred during a specified period. The P&L statement is one of three financial statements every public company issues quarterly and annually, along with the balance sheet and the cash flow statement. In some accounting systems, the P&L statement is restricted by a rigid, un-editable report, which does not give you the detail you need.

Typical Problems

Finance teams manually consolidate data from multiple sources, using spreadsheets, meaning increased time to prepare reports, which are no longer accurate as they are not real-time.

Solutions

Cloud accounting dashboards can pull together real-time information from multiple sources at the touch of a button.

With Dimensions and drillable reporting, reconciling the reports becomes easier and allows for more detailed information. Combined with the power of cloud reporting and enhanced analytics, Profit and loss reports become easier to customise to suit your business needs.

Reports can be automated and scheduled to ensure all key stakeholders receive the required data as and when they need it.

Benefits/ROI

Real-time detailed reporting at the touch of a button with dimensional level information for granular level flexible reporting.

Pulling all the information into a dashboard, to view multiple reports in one place will make the process more efficient.