Financial Reporting
Financial Report Builder
HoneycombERP® has a state of the art report builder that enables the manager to build custom reports suiting the need of the hour. This privilege enables the managers to generate any kind of report suiting the format of the organization. Additionally; HoneycombERP® comes with pre-configured and pre-formatted reports that show data in a well-organized manner.
Financial Simulation Capability
Simulation shows data in a unique and interesting manner that is very easily comprehendible as compared to seeing lots of numbers and digits. Data speaks for itself and you can easily drill down a segment to see minute details of any area. This is a unique and state of the art technology that only HoneycombERP® offers, making the life of management very easy.
Electronic Financial Statements in XML/XBRL
With HoneycombERP®; relevant financial information is presented in a structured manner and in a form easy to understand. A financial statement (or financial report) generated by HoneycombERP® is not merely a piece of paper; it a document that can be converted into other formats with great ease. Formats like XML and XBRL besides Microsoft® Excel, Word and Abode® PDF are also supported.
Create Statements Based on IAS
All reports generated using HoneycombERP®; strictly comply International Accounting Standards. Now your administration can be sure that the reports generated by the software are presentable in any legal and financial institution of the country; local and abroad. This saves a lot of time and effort and highly paid financial team can be used for other useful activities benefiting the organization.
Statement of Financial Position
Financial statements present the results of operations and the financial position of the company and with HoneycombERP® the financial report can be generated any time, with ease and accuracy. Whether it be Balance Sheet or Income Statement; HoneycombERP® generates the statements very quickly; and accurately.
Statement of Comprehensive Income
Like Statements of Financial Position; HoneycombERP® generates Comprehensive Income Statements as well. Management can benefit from the information and easily can re-verify the statement from other reports of HoneycombERP®. All data is synchronized and the management views the correct picture, always.
Statement of Cash Flows
In HoneycombERP®; the cash flow statement captures both the current operating results and the accompanying changes in the balance sheet. This is not only a report but HoneycombERP® treats this as analytical tool, and helps in determining the short-term viability of a company, particularly its ability to pay bills.
Other Compliance Reports
With HoneycombERP®; you are not alone and always have a trusted partner behind you to help you in any situation. The system has the option of incorporating any additional compliance reporting required by the organization. This on demand facility gives great leverage and you have no stuck at any time and can easily comply with the requirement of the legal or government institution.