Watch a video overview:
Overview: This tool provides a summary of the company's financial statements (Profit & Loss/Income Statement and Balance Sheet) in a standardized format. In addition, this tool also includes variance analysis and common size analysis.
- To toggle between the Profit & Loss and Balance Sheet click on the appropriate tab.
- Variance analysis compares each financial value against results for the previous period or results for the same period from the prior year. If you have imported a budget, then you can also compare performance against your budget. To change the comparative column click on the variance column header.
- Hover the mouse cursor over any financial value to see an audit trail to the source accounts which were tagged to that standardized account.
- Common-size analysis on the Profit & Loss expresses each line item as a percent of total revenue.
The Balance Sheet view enables you to change between a traditional balance sheet and a 'separation of operations and finance' balance sheet.
Common-size analysis on the balance sheet expresses each line item as a percent of either Total Assets or Total Liabilities and Equity.
At the top of the tool you can change the period currently under review. You can also toggle between a monthly, quarterly or annual view of performance.
A PDF report which contains the a summary of the data in the tool is available in the ‘Financial Statements’ report.