Features of the process of compiling a cash flow statement

The development of any business requires accurate calculation, understanding of all items of costs and income.

The quality of these processes directly affects the profitability of the business and its success. In order to constantly monitor the situation, it is proposed to use the software that generates the cash flow statement.

Main features of the program

The Finoko application affects all areas of the company’s activities where investments are present and cash flows are generated. It takes into account the balance of incoming income and outgoing costs, and allows you to create an investment management system.

The important features of the application are:

1. Automation of the process, creation of documentation on all cash flows using the direct and indirect method.
2. Determining the locations of partners, suppliers, branches and subsidiaries in order to create management using multiple currencies, taking into account their mutual exchange rate and exchange trends.
3. The software has tools for analyzing and monitoring activities in real time, conducting continuous monitoring of all monetary transactions.
4. The program allows you to collect and accumulate information about transactions, investments and other market transactions, and analyze all data.
5. The software runs on separate computers, can be integrated into the company’s local network, or configured in the cloud, providing access from various geographical locations.

Software features

The program itself is multifunctional, it allows you to perform the following actions:

1. Generate and collect reports on cash flows and investments in automatic mode in order to provide the state of the company’s or investor’s funds in real time. This parameter is necessary when making strategic and short-term decisions, and allows you to link goals and objectives.
2. With the help of software, you can develop any type of budget, accurately determining costs and potential revenues. The execution process is monitored to the extent that the calculations are confirmed by practice.
3. The application allows you to accurately control all expenses and avoid unproductive investments. All costs are displayed in a constant mode, they can be compared with calculations.
4. The forecast of funds receipts makes it possible to plan the development of the company, accurately calculate its capabilities.
5. The software generates and updates all financial statements, making it possible to comply with all rules and regulatory requirements for its preparation.
6. The system is comprehensive and can be used by investment and other companies.