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G/L Management Reporting Features - Financial Portrait

COMPLETE REPORT WRITER: A full function financial statements report writer is built into Financial Portrait.  Authorized users can create and save their own management-oriented and customized reports.  For executive level management, Financial Portrait provides concise and consolidated reports.  Information including unit or dollar summaries, comparisons, variances, variance percentages and more can be delivered as a part of a standardized and automated process.

USER DEFINED COMPARISON REPORTING:
All statistical and financial period totals are available for comparison, including current period, previous period, year and quarter to date, and previous year totals.  Accounting period summary reports can be produced regularly based on a relative time frame.  Non-standard fiscal calendars are supported.

REPORT GROUPS:
Report groups can be defined for running a myriad of individual reports at once and for printing in packets.  Interactive viewing and scanning of report output is available in most all reports in Financial Portrait using the Last Reporting Request button (from any menu).

FLEXIBLE BUDGETING AND ALLOCATION FORMULAS:
Any existing figures can be used as a basis to develop new budget values or allocations of expenses.  Mathematical operations can be performed between two report column values, or between amounts within the same column.

ACCOUNT SEQUENCING FLEXIBILITY WITH HIERARCHICAL STRUCTURES:
The custom report development system allows any combination or sequence of accounts for printing, totaling or calculations via the use of summary accounts.  Use of a hierarchical summary account structure allows new line items to be added to reports and inquiries implicitly, without manipulation of specific line or row numbers! 

A summary account is essentially a list of posting accounts, other summary accounts, heading lines and text lines.  When a summary account consists of another summary account, then a multiple level hierarchy is created.  The process of summary account definition is used to indicate how subtotals in the income statement are to be accumulated, for instance. 

FILTERING BY ANY ORGANIZATIONAL SEGMENT WITH WILD CARD CHARACTERS:
Selection of accounts for processing can be done based on any organization code.  For portions of the account not applicable to the selection request, question marks can be used to indicate that certain positions in the numbering scheme are to be ignored for filtering purposes.  With a structured chart of accounts or numbering schemes created in the past, this allows quick formulation of an income statement for a particular branch or department or group.

G/L MANAGEMENT INQUIRY:
Summary account balances, details and sub-totals can be calculated and reviewed on-line.  A condensed set of presentation options, similar to those in the custom report development process, is available.  The G/L Management Inquiry allows accountants to view and total a group of accounts quickly, and management to access current financial figures immediately.  Interactive drill-down into sub-totals and posting accounts and even source transactions is available.

SUMMARY SUB LEDGERS:
Users can print selected account totals by JE history category such that the effect to a particular account can be segregated by application or transaction category as configured in the source application.

ONE TIME DEFINITION OF FREQUENCY BASED REPORTS:
Users can create and save management report definitions that revolve around a accounting period, allowing their use for past or present accounting time frames without update.  This is done by defining all of the column time frames as a function (and offset) to the current reporting time frame.

MULTIPLE COMPANY REPORT WRITING:
Users can have different reports covering different companies, and can also have individual reports covering multiple companies.

RATIO DEVELOPMENT


DATA FORMATTING FOR TREND ANALYSIS:
Data can be calculated and accumulated in a format that is conducive to trend analysis through financial modeling.

SPREAD SHEET FLEXIBILITY:
For easier creation of derived figures, the report writer uses row and column level calculations, while providing for exceptions at the cell level equivalent.  CSV output and a report writer workfile can be created to facilitate export to spreadsheet software.

PRESENTATION QUALITY RESULTS:
Sizing, contrasting, text processing, and amount rounding capabilities help automate the preparation of final-form financial statements.

CONSOLIDATED INCOME STATEMENTS AND BALANCE SHEETS:
There is virtually no limit to the level of consolidations allowed for income statements and balance sheets, either within a company or between companies.

EXCEPTION REPORTING:
Selection of actual and manipulated account values can produce listings of problem areas that require special attention.


Financial Portrait v4 Copyright by Tegratecs Development Corp., 2005-2009, 2012, 2017, 2019 All Rights Reserved.

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