What is financial statement?

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.

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