What is financial statement?
A financial statement is a formal record of the financial activities of a business, person, or other entity reflecting true and fair financial information. Relevant financial information is presented in a structured manner and in a form easy to understand.
For Housing Society, Financial Statement is "Income & Expense Statement", "Balance Sheet".
Financial Statement shows the Actual financial position of the Association as of particular selected date. Usually, it is generated at the end of financial year such as 31st March but it can be generated on any given date too if required.
You can find your housing society financial statement in Admin -->> General Ledger section once you log in.
How to upload the Last Year's Financial Statement?
When you start updating the accounting entries on ADDA, you can update the Last Year Financial Statement by creating journal entries: For example, if you have a Balance Sheet for the Year 2019-20, you can enter the details as opening balance as of ...
Financial data migration on ADDA
The System allows bringing in ACTIVE Financial transactions of the Current Financial Year. This is possible if the Subscription has started before 1-January of the current Financial Year. If Subscription has Started on 1-January and later, ...
How to store a financial asset on ADDA?
Follow the steps below to store a financial asset on ADDA: Step 1: Login to ADDA >> Admin >> Asset & Inventory >> Asset >> Create an asset category as 'Financial' under the Setup tab>> Save Changes. Step 2: Click on 'Add Asset' under the Assets tab. ...
How we get cash flow statement?
Please follow the steps below to get the cash flow statement : Step 1:Login to ADDA -->> Admin –>> Cash & Bank ->> Report Step 2: You will find a section for "Cash Flow", select the report as per your requirement. Note: Once done, Cash flow will be ...
How can I view my account statement using ADDA App?
You can also check your unit full account statement using ADDA app by following the below steps : Step 1: Log in to your ADDA App. Step 2: Go to My Unit >>Below you will find a tab “History”, in this tab, you can find your Unit's Full Account ...