SoftGuide > Functions / Modules Designation > Balance sheet

Balance sheet

What is meant by Balance sheet?

The balance sheet is a key component of a company’s financial reporting and provides an overview of its financial position at a specific point in time. It consists of two main sections: the asset side, which shows the assets and their distribution, and the liability side, which reflects the financing through equity and debt. The balance sheet is used to assess the financial condition of a company and is a crucial foundation for investment decisions, credit assessments, and internal management.

Typical Software Functions in the Area of "Balance Sheet":

  1. Balance Sheet Preparation: Automatic creation and updating of the balance sheet based on the company’s accounting data.
  2. Asset and Liability Management: Management and classification of assets (resources) and liabilities (obligations) according to applicable accounting standards.
  3. Reconciliation and Verification: Functions for reconciling balance sheet items and verifying accuracy and completeness.
  4. Reporting: Generating balance sheet reports and analyses for internal and external stakeholders, including regulatory compliance.
  5. Comparative Analysis: Comparing the current balance sheet with historical balance sheets or industry benchmarks to analyze trends and developments.
  6. Integration with Other Financial Modules: Linking the balance sheet with other financial modules such as income statements, cash flow planning, and cost accounting.
  7. Automated Entries: Automating entries that affect the balance sheet, such as depreciation, provisions, and revaluations.
  8. Access Control: Managing access rights to balance sheet data to ensure confidentiality and integrity of the information.

 

Are you looking for software for your company? We will help you with this challenging task free of charge! We will compare more than 64,000 solutions for you.

Learn more now!

The function / module Balance sheet belongs to:

Annual financial statement and balance sheet

Software solutions with function or module Balance sheet:

OGSiD
 
 
 
 
 
 
ERP complete solution for medium-sized businesses
VlexPlus
VlexPlus
 
 
 
 
 
 
The all-in-one ERP system for the manufacturing industry
WEST System©
 
 
 
 
 
 
WEST System© as an integrated complete system for services, industry and trade
MService
MService
 
 
 
 
 
 
All-In-One-Software
Corporate Planner
Corporate Planner
 
 
 
 
 
 
Software for Corporate Performance Management
jKARAT
 
 
 
 
 
 
The flexible, platform-independent and modern ERP solution for SMEs.
TOPIX Financial Accounting
Powerful accounting software for SMEs
TOPIX ERP
TOPIX ERP
 
 
 
 
 
 
A powerful ERP with integrated CRM
elKomBI
elKomBI
 
 
 
 
 
 
Controlling software for analysis, planning and reporting with IBM Planning Analytics TM1
Rental software solutions built to help your business grow and thrive
Show all 15 programs with Balance sheet