Account Summary

The data model encompasses financial data such as opening balances, postings, ending balances, actual amounts, debits, credits, variances, budgets, cash flows, income statement details, and balance sheet figures. It provides insights into account balances, revenue, expenses, profits, cash inflows, outflows, and financial conditions. This model enables robust analysis for ensuring balance, performance evaluation, and informed decision-making in financial management and reporting.

Benefits of This Data Model

• Enhanced Financial Analysis: Enables comprehensive analysis of account balances, revenues, expenses, and profits for better financial decision-making.
• Improved Performance Evaluation: Facilitates detailed tracking and evaluation of key financial metrics such as actual amounts, variances, budgets, and cash flows for assessing performance.
• Optimized Financial Reporting: Provides a structured framework for generating detailed income statements, balance sheets, and cash flow statements to enhance reporting accuracy and efficiency.
• Streamlined Cash Flow Management: Allows for the efficient monitoring of cash inflows, outflows, and equivalent balances to ensure better liquidity management.
• Detailed Insight Into Financial Conditions: Delivers a snapshot of the company's financial position, aiding in understanding the overall financial health and identifying areas for improvement.

Key Performance Indicators (KPIs)

• Opening Balance: The initial amount of funds in the account at the beginning of the period.
• PTD Posting: The total amount posted to the account for the current period to date.
• YTD Posting: The total amount posted to the account for the year to date.
• Ending Balance: The total amount of funds in the account at the end of the period.
• Report Actual: The actual amount reported in the account.
• Report Debit: The total debit amount recorded in the account.
• Report Credit: The total credit amount recorded in the account.
• Report Debit Amount: The total amount of debits recorded in the account.
• Report Actual Variance: The variance between the actual amount and the reported amount.
• Reporting Budget Actual: The actual amount reported in the budget.
• Reporting Budget Budget: The total budgeted amount.
• Reporting Budget Budget Variance: The variance between the budgeted amount and the reported amount.
• Report YTD Posting: The total amount posted to the account for the year to date.
• Report PTD Posting: The total amount posted to the account for the current period to date.
• Report Opening Balance (Year): The opening balance for the year.
• Report Opening Balance (Period): The opening balance for the period.
• Cash Flow Period Posting: The total cash flow posted to the account for the current period.
• Cash Flow Year to Date: The total cash flow posted to the account for the year to date.
• End of Period Total Cash & Equivalent: The total cash and equivalent funds at the end of the period.
• Begining of Year Total Cash & Equivalent: The total cash and equivalent funds at the beginning of the year.
• Report CF Posting: The total cash flow posted to the account.
• Report IS Actual: The actual amount reported in the income statement.
• Report IS Actual LY: The actual amount reported in the income statement for the previous year.
• Report IS Actual Variance: The variance between the actual amount and the reported amount in the income statement.
• Report Budget Actual: The actual budgeted amount in the income statement.
• Report Budget Budget: The total budgeted amount in the income statement.
• Report Budget Budget Variance: The variance between the budgeted amount and the reported amount in the income statement.

Available Visualizations

View Name	Description
Trial Balance	Allows analysis of account balances to ensure debits equal credits.
Income Statement	Shows company's revenues, expenses, and profit over a period.
Cash Flow	Tracks inflows and outflows of cash for operational analysis.
Balance Sheet	Presents snapshot of the company's financial condition at a point in time.
CHART EXAMPLE	Visual representation of financial data for better decision-making.