Prepare the financial statements

The financial statements consist of the Balance Sheet, Statement of Income and Loss, Statement of Retained Earnings, Statement of Cash Flows and the Notes to the Financial Statements. Review the existing information and make any necessary modifications or customizations.

• 2-10 Financial statement optimiser

  This document contains inquiries related to financial statement preparation and presentation. For example, you can identify the type of financial statements to be prepared, whether special purpose financial statements are required, and modify the naming convention of the financial statement areas.

• 2-30 Financial statements

  This document is partially populated with data automatically as you complete other documents. Review the financial statements for accuracy and presentation, and make content or layout edits to customize the report for your clients.

You can also:

• Customize the financial statement’s content or layout.

• Add notes from the Notes library.

• Compare changes made to the financial statements.