Reporting - About accounting with love

How to prepare a profit and loss account

This statements is the most interesting for the company management, as it shows the performance of the enterprise for the accounting period. Let’s examine the simplest form of the statement: The report is divided into two parts: Profit; Loss. In Profit part we should deduct the cost of the goods sold (line 2) from the sales volume for the accounting period (line 1). This way we get the gross profit (line 3). I insist on using the gross profit rate (line 4), as this is an indicator of your profit share...

Management Accounting, Reporting, Reporting, Reporting, Reporting, Reporting, Reportinghow to implement, how to implement, P&L, profit and loss statement, profit loss1 Comment

How to prepare a cash flow statement.

This statement shows the flow of funds through the bank accounts and cash office of the enterprise. There are two ways how to construct it: Direct method. Indirect method. I will not describe the second method as I have never used it. If you are interested in it, you can visit this page and this one Let’s turn to the direct method. The statement is divided into three sections: Operating; Investing; Financing. The operating section includes the cash flows in terms of basic company’s activity. The investing section shows the...

Uncategorizedcash flow statement, IFRS, implementation, management accounting, reporting forms1 Comment

Operation plan for payments for a period, day, week, decade.

This is another version of the operation plan table (a continuation of the previous article about the operation plan).Operation plan for the period Table 1 Let's overview it in detail.Line 2 "Current date" - the current date automatically updates in this table in cell D2. Cell D3 "Beginning of the planned period" - you indicate the date of the beginning of the period here. Cell D4 "End of the planning period" - you indicate the date of the end of the period. When you...

Management Accounting, Management Accounting, Management Accounting, Management Accounting, Management Accounting, Рlanningdaily plan, operational plan, payment plan0 Comments

How to construct the managerial balance sheet

Main financial statement showing the management accounting system and financial position of the enterprise for the accounting period Balance sheet has three functions: Verifying. Informative. Analytical. Now, let’s have a closer look: 1. Verifying. If your accounts are balanced (that is assets equal to liabilities), it means that all the operations had been posted correctly and there are no mistakes in calculations or those made through lack of attention (i.e. the goods have been shipped, but the debt has not been increased). So, the given balance...

Uncategorizedautomation, balance, how to implement, IFRS, IFRS, implementation, management accounting1 Comment

Operation plan for payments for the month

The easiest and the most required table in the business industry will be overviewed in this article. That is the operation plan for payments.The table itself can be of different sizes and types. Moreover, each company can make its table, which will match their needs. Now I will describe a variant of the table for the operation plan for the month. Operation plan for the month Let's overview it in detail.Line 2 "Current date" - this table automatically updates the current...

Рlanningdaily plan, financial plan, operational plan, payment plan0 Comments

If you need any help in managerial form construction and calculations

I would like to remind you just in case. At your request, I can send you the following documents completely free of charge: Business plan calculation in Excel. Subdivision budgeting. Balance sheet Profit and loss account Cash flow statement (direct method) If my documents do not meet your requirements for some reasons, but you are eager to have a suitable one, contact me via e-mail: [email protected] I will prepare the one you need, but not free of charge.

Uncategorizedbusiness plan calculation, buy, Excel business plan, free download, reporting forms, reporting forms0 Comments