Reporting: Step 1 – Core statement

Once you start the Reporting, Arcarius builds the core statement – the heart of your annual report. You review the figures live and adjust them directly where needed.

What the core statement includes

• Balance sheet and income statement
• Profit allocation
• Notes – Arcarius generates them from your inputs and your accounting and hands you the sections relevant to your business. You can delete, edit, or add sections.

Arcarius also prepares a draft explanation for exceptional, non-recurring, or prior-period results – to save you time.

Review and adjust figures live

In this first phase you review the figures and make adjustments – values update live. Good to know:

• Foreign currency transactions can lead to minor rounding differences.
• Profit allocation and notes are only generated for up to three periods.
• If you requested a cash flow statement, the “oldest” column shown here is only used for validation – it does not appear in the final PDF.

Checklist for a clean statement

Make sure – especially after all your changes – that:

• the balance sheet is balanced;
• the income statement is consistent with the balance sheet (e.g. the same net result);
• the annual profit under profit allocation matches the balance sheet and income statement. Also reconcile dividends and profit carried forward with the balance sheet. Under “Add position”, include relevant allocations of retained earnings.

Read on: Reporting – overview and scope · Phase 2: extended reports.