The objective of financial statements is to provide information about the financial strength, performance and changes in financial position of an enterprise that is useful to a wide range of users in making economic decisions. Financial statements should be understandable, relevant, reliable and comparable. Reported assets, liabilities and equity are directly related to an organization's financial position. Reported income and expenses are directly related to an organization's financial performance.

Often the accountants struggle for weeks to consolidate multiple levels in their organization using their ERP. Adjusting entries are booked in ERP and need to be replicated multiple times for each level. Inter-company eliminations cause delays while the accountants reconcile the differences between the companies using spreadsheets. The spreadsheets are fragile and there are lots of links between all of them. One change could cause cascading errors in unsuspected places. Data should have detailed journal and audit capabilities to provide consolidated financial reporting transparency to satisfy both internal and external auditors alike.

Financial reporting has never been easier than with the TRIFORCE.NET financial reporting presentation tool. It is the ultimate Financial Statement report generator, eliminating the need for adjusting journal entries while easily permitting unlimited, unparalleled user-defined Financial Statement formats for different readers.

While using trusted financial information to make key business decision will be your primary benefit when using professionally built business software, your company will also experience decreased time spent reconciling data, increased integrity and transparency of numbers across the business.