Financial Statements

Overview

The Financial Statements in DIGITZ ERP provide a complete, real-time view of a company’s financial health.
They are automatically updated from all accounting transactions — Sales, Purchases, Receipts, Payments, Expenses, and Journal Entries — ensuring accuracy, compliance, and transparency.

DIGITZ ERP includes core financial reports such as the Profit & Loss Statement, Balance Sheet, Trial Balance, Cash Flow Statement, Account Ledger Report, and General Ledger Report.

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1. Profit & Loss Statement (P&L)

Shows the company’s income, expenses, and net profitability for a selected period.

Key Highlights:

• Real-time updates
• Drill-down to source transactions
• Filters by date, company, cost center, and project
• Gross Profit, Operating Profit, Net Profit breakdown
• Comparative period reporting

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2. Balance Sheet (BS)

Presents the company’s financial position at a specific point in time — Assets, Liabilities, and Equity.

Key Highlights:

• Auto-synced with ledger balances
• Supports period comparisons
• Drill-down to accounts and documents
• Company or branch-level filtering

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3. Trial Balance (TB)

Ensures the accounting books remain balanced by listing all accounts with their debit and credit balances.

Key Highlights:

• Shows opening, transactions, and closing balance
• Total Debit = Total Credit validation
• Grouped by account category
• Drill-down into ledger entries

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4. Cash Flow Statement

Tracks real-time cash inflow and outflow for monitoring liquidity and financial movement.

Key Highlights:

• Categorized into Operating, Investing, Financing
• Sourced from all payment/receipt/journal entries
• Integrates with Cash/Bank ledger
• Supports period-based filtering

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5. Account Ledger Report

Displays detailed, transaction-level activity for any Customer, Supplier, or General Ledger account.

Key Highlights:

• Separate views for:
  • Customer Ledger
  • Supplier Ledger
  • General Ledger Accounts
• Shows opening balance, debits, credits, and closing balance
• Complete drill-down to source documents
• Essential for reconciliation and audit

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6. General Ledger Report

The General Ledger Report provides a consolidated view of all ledger postings across the organization.
It is the most comprehensive accounting report, showing every financial transaction that has impacted the books — grouped and structured by account.

Key Highlights:

• Displays all ledger entries for the selected period
• Segregated by Accounts → Debits → Credits → Running Balance
• Supports filtering by:
  • Company
  • Account
  • Account Group
  • Voucher Type
  • Cost Center
  • Project
• Shows complete audit trail for each posting
• Fully drill-down enabled to navigate to invoices, payments, journals, etc.
• Useful for:
  • Month-end closing
  • Auditing
  • Financial review
  • Error investigation
  • Reconciliation
• Reflects real-time updates as soon as any accounting transaction is submitted

The General Ledger Report is considered the backbone of financial visibility in DIGITZ ERP.

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Integration and Real-time Reporting

All reports integrate seamlessly with:

• General Ledger
• Cost Centers and Projects
• Multi-company structures
• Sales, Purchase, Expense, and Journal modules
• Asset management and inventory valuation
• Bank Reconciliation

Each report supports drill-down, export (Excel/PDF), and date-range filtering.

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Conclusion

The Financial Statements and supporting Ledger Reports in DIGITZ ERP provide complete financial clarity, compliance, and analytical insight.
With real-time updates and integrated drill-down capabilities, decision-makers gain immediate and accurate visibility into profitability, financial position, cash flow, and account-level activity.