Stay up to date with your revenue, cash flows, profit, and loss. Increase your profitability by managing your expenses.
Balance Sheet feature in HDPOS smart consists of three major aspects of the financial accounting: Profit and Loss, balance sheet and trial balance with which you will get to know your business financial position. The data of Balance Sheet module can be viewed in detailed of individual accounts with the help of drill down. HDPOS smart has various system default reports for balance sheet and profit & loss in T-Format.
Profit & Loss
HDPOS smart follows a double entry system of accounting. Every transaction in HDPOS smart has two effects Debit (Dr) and Credit (Cr). For every Debit entry, there will always be an equal Credit entry. Profit and Loss
A balance sheet is a snapshot of your business financial position on a given day, usually calculated at the end of the quarter or year. Balance Sheet shows you the summary of your company’s assets,
liabilities and owner’s financial involvement. If a profit has been incurred the amount will appear on the left side of the balance sheet. If there was a loss it would appear on the right side of the balance sheet
Trial Balance will show you closing balances of ledger accounts on the selected date. Trial balance ensures that for every debit entry recorded, a corresponding credit entry has been recorded in the
accounting ledger. If the totals of the trial balance do not match, the difference will be shown in order to investigate and resolve them before financial statements are prepared. Double click on each account group to see the related accounts in it. Check the opening and closing balances of each account through ledgers. Go to the original transactions that are recorded in the account ledger.