Setting up financial statements

During the planning phase, you should have determined where you want to run financial statements (at which level of entity, or at each site).

These are some reports that you might design:

• Balance Sheet
• Income Statement (Profit and Loss)
• Statement of Cash Flow
• Components of Working Capital
• Changes in Financial Position

You can use SyteLine’s Excel-based toolset for financial reporting to connect to any site or entity database and extract data, using formulas, into a spreadsheet. The spreadsheet can then be used for financial reporting. The toolset supports multi-currency consolidation with its currency conversion feature. For more information, see the Infor SyteLine Microsoft Office Integration User Guide.

You can also use the SyteLine integrations with SyteLine Analytics (Birst) or Infor Enterprise Performance Management to handle your financial reporting.