Financial Statements
Agora generates investor-grade financial statements that are ready for audit and tax filing. These reports follow international accounting standards and provide a definitive picture of your company's financial health.
Core Financial Reports
1. Income Statement (P&L)
Tracks revenue, Cost of Goods Sold (COGS), and operating expenses over a specific period to calculate your net profit or loss.
2. Balance Sheet
Provides a snapshot of your company's Assets, Liabilities, and Equity at a specific point in time, ensuring the fundamental accounting equation (Assets = Liabilities + Equity) remains perfectly balanced.
3. Cash Flow Statement
Monitors the actual movement of liquid cash across your operating, investing, and financing activities, helping you avoid liquidity crunches.
4. Trial Balance
A comprehensive listing of all GL accounts and their current balances, used primarily by accountants to verify that total debits equal total credits before generating final statements.
Real-World Use Cases
- Securing Financing: Exporting the previous year's Income Statement and Balance Sheet as formal PDFs to submit to a bank alongside a commercial loan application.
- Board Meetings: Presenting the Cash Flow Statement to investors to explain how last quarter's high net profit was heavily tied up in new inventory purchases.
- Tax Filing Preparation: Handing over a perfectly balanced Trial Balance to an external CPA firm at the end of the fiscal year to expedite tax return preparation.
Understand your business's true valuation and profitability with automated Financial Statements.