Short and longterm financial reporting is important for an organisation, to know and monitor the progress and the direction of its financial health.
- Financial statements:
- General ledger:
- Bank statements: PDF, Excel, or CAMT.053 statement downloads
- Follow-up on (bad) deptors
- Invoice payable
- Financial planning
- Provisions (large projects, delayed invoicing)
Some banks deliver CAMT.053 statements in XML format. This allows for easy financial reporting via Excel. You can filter on certain periods, or transactions, or create a pivot table to report on expense claims management.