Question 1

What does Finxora's balance sheet software do?

Accepted Answer

It prepares a complete, schedule-wise balance sheet with the matching profit & loss account, capital account, depreciation chart and ratio analysis. You enter trial-balance level figures and Finxora arranges them into a properly grouped statement of assets and liabilities that tallies, with the supporting schedules generated for you.

Question 2

Can I prepare a projected or provisional balance sheet?

Accepted Answer

Yes. Alongside audited and provisional balance sheets, Finxora prepares projected balance sheets for the years a bank asks for, carrying closing balances forward automatically so opening figures, depreciation and reserves stay consistent from one year to the next.

Question 3

Does the balance sheet software handle depreciation and income tax?

Accepted Answer

It does. Finxora maintains a fixed-asset and depreciation schedule across years, computes income tax on the profit as configured, and reflects both in the operating statement and the balance sheet — so there is no separate spreadsheet to maintain for either.

Question 4

Can I reuse a balance sheet inside a CMA or project report?

Accepted Answer

Yes. The balance sheet, CMA and project report modules share data inside Finxora, so a balance sheet you have already prepared can seed the historical years of a CMA report or a project report instead of being keyed in a second time.

Question 5

What format can I download the balance sheet in?

Accepted Answer

Every statement downloads as a formatted, print-ready PDF with your firm's details on the cover, suitable for submitting to a bank or handing to a client. Reports can also be shared from within Finxora through a link.

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Balance Sheet FAQs