Location: Accounts Production module > Reports > Management Reports

Management’s assessment of the effectiveness of the company’s internal control over financial reporting. Management Report is for Management purpose only. It is submitted to shareholders. It contains the report of directors, auditors, financial statements and relevant Notes to Accounts. The contents to be included in the report are to be generated from the ‘Settings’ section.

  • To create a report first of all Trial Balance is to be imported or created which acts as the base for generating Financial Statements which is the important part of the report.

  • Trial Balance is imported from the ‘Tasks’ section and then the procedure is followed as discussed in the ‘Tasks’ section to import Trial Balance.

Then click on ‘+ Add New Report’. A new box appears for filling the basic credentials to create a report.

  • Ref. No. is generated by default and can be changed as per the requirement. By default, Prefix is ‘MA’ and numbered in sequence automatically.

  • The name to be given to reporting (if any) can be given in description which will be displayed on the top of the report.

  • Period Start Date and End Date are to be given. These are the dates for which Annual Report is prepared for the shareholders. These dates will override the date (period) of Trial Balance i.e. period of Trial Balance will not be the base for the reporting period.

  • Trial Balance so imported will have to be selected. If previous year’s figures are to be shown, then put a tick on the checkbox of ‘Show Comparative Figures’ and select the Trial Balance whose figures are to be compared with current Trial balance.

  • Enter the Director and Accountant sign date for the report which will be shown in the report that will be generated.

  • Click on generate after mentioning all the fields. This will generate the report and preview of the report will appear on the screen.

  • After generating the preview report is to be saved by clicking on ‘Save Report’ tab. The report so saved will be added to the list of reports on the main page of this section.

You may change the options related to reports by clicking on Report settings button located on the upper right corner of the page. By clicking on it following box appears:

  • You may tick or untick the options, as per the requirement in the report and save it.

  • If any formatting part related to report is changed or any content of the report is changed and you want to make changes in reports already generated, then you have to regenerate the reports.

  • To regenerate the report, you will have to click on Ref. Number. of the report which will generate the report preview, click on ‘regenerate’ tab.

  • On regenerating all the changes will be incorporated in the report and after having a preview again save the report. This will replace the old report in the list.

Brief descriptions about the various reports so prepared are listed. 

  • Ref. number. of the reports clicking on which Report Preview will be generated and if any changes were made to report then report will have to be regenerated by click on ’Regenerate’ tab and save the report.

  • From and to date will be the dates which were specified and not the date of Trial Balance.

  • Description of the report i.e. name of the report to be given.

Actions that can be taken related to reports:

  • Delete: This will delete the report permanently.

  • Download as PDF: Report will be downloaded in PDF form.

The contents to be included in the report will be selected from the ‘Settings’ section.