With Giddh, you can view and analyse three major financial reports of your financial year:
- Trial Balance
Trial Balance is a list of closing balances of ledger accounts. If all accounting entries are recorded correctly, the total of all debit balances appearing will be equal to the sum of all credit balances.
2. Profit/Loss Account
The profit and loss statement (P&L) is the financial statement that summarizes the revenues, costs and expenses incurred during a specified period of time, usually a financial quarter or year. It also records any expenses or costs incurred by these revenues, such as depreciation and taxes.
3. Balance Sheet
A balance sheet is divided into two sides. The left side of the balance sheet outlines all a company’s assets. On the right side, the balance sheet outlines the company’s liabilities and shareholders’ equity.