Delivered Submodules & Capabilities
In depth breakdown of the 4 native components forming the Reports & Financial Intelligence workspace:
Financial statements
Generates official statutory financial statements per LKAS 1 (Presentation of Financial Statements). Provides drill down capabilities from top-level summary lines directly to transactional debit/credit entries.
- ✓Profit and Loss (Income Statement) with gross margin analysis
- ✓Balance Sheet (Statement of Financial Position) with asset classification
- ✓Statement of Cash Flows (Operating, Investing, Financing activities)
- ✓Comparative period analysis (Month on Month, Year on Year)
Aged receivables & payables
Granular aging schedules tracking outstanding customer receivables and vendor liabilities categorized across standard aging buckets, highlighting credit risks and upcoming cash requirements.
- ✓Customer AR aging by 30, 60, 90, and 90+ day buckets
- ✓Vendor AP aging with payment due date scheduling
- ✓drill down from aged customer totals to overdue invoice vouchers
- ✓Automated collection priority ranking for credit managers
Tax & audit registers
Comprehensive tax registers compiling all sales output VAT and purchase input VAT transactions. Includes verified customer/supplier TINs, serial numbers, tax splits, and exemption justifications.
- ✓Itemized Sales Tax Register with IRD invoice serial verification
- ✓Itemized Purchase Tax Register with supplier TIN validation
- ✓Suspense tax line identification for audit reconciliation
- ✓Exportable directly into IRD-requested Excel and CSV schedules
Inventory valuation
Real time perpetual stock valuation schedules providing inventory cost, net realizable value comparisons, slow moving stock aging, and gross margin return on investment (GMROI).
- ✓Perpetual valuation breakdown by SKU, warehouse, and category
- ✓LKAS 2 cost vs net realizable value write down reporting
- ✓Inventory velocity and turnover duration analysis
- ✓Audit trail of physical count adjustments and landed cost additions
Core Capabilities & Accounting Logic
Continuous Real time Financial Statements
No waiting for month end batch processes. Financial statements are generated directly from live ledger postings whenever you open them.
- Instant P&L and Balance Sheet generation with comparative periods
- One click drill down from any financial line to underlying transactions
- Exportable to professionally styled PDFs, Excel spreadsheets, and CSVs
Statutory IRD Tax Audit Schedules
Produce comprehensive tax registers that satisfy the exact inspection criteria of Inland Revenue Department compliance officers.
- Itemized records of all standard rated, zero rated, and exempt transactions
- Full verification of counterparty TIN and Business Registration numbers
- Clear audit reconciliation between ledger VAT liability and filed returns
Sri Lanka Statutory & Accounting Standards
Mandates standards for the presentation and structure of financial statements.
Requires directors to present audited financial statements to shareholders.
Standard Reports Generated
| Report Name | Frequency | Description |
|---|---|---|
| Profit and Loss Statement | Monthly / Annual | Comprehensive operating revenue, expenses, and net profit before/after tax. |
| Balance Sheet | Monthly / Annual | Assets, liabilities, and shareholder equity position. |
| Statement of Cash Flows | Quarterly / Annual | Cash generation and consumption across operating, investing, and financing activities. |
From Executive Overview to Source Vouchers in One Click
Financial reports are only as useful as your ability to interrogate the numbers behind them. When reviewing your Income Statement in SyncBooks, clicking on any revenue or expense total immediately opens the underlying general ledger detail.
From there, clicking a specific journal line opens the original source voucher—such as the customer tax invoice, supplier bill, or bank deposit slip—providing instant clarity for management and auditors alike.
Frequently Asked Questions
Can reports be scheduled for automated email delivery?↓
Yes. You can schedule weekly or monthly executive report summaries to be generated and emailed automatically to directors, shareholders, or department heads.