Mastering Bisect Accounting Statements for Improved Decision-Making

Introduction

Welcome to the guide on how to use the Bisect Accounting Statements feature in Empress. This feature is incredibly valuable for businesses as it provides a comprehensive and detailed view of your company’s financial status, allowing you to make informed decisions based on accurate data.

The Bisect Accounting Statements function allows you to view, edit, sort, and track your financial statements in a user-friendly interface. With this feature, you can gain insight into your profit and loss summary, balance sheet summary, as well as the differences between specific financial periods.

Primary Functions & Benefits

  1. View Financial Statements: The Bisect Accounting Statements feature allows you to view your company’s financial statements in a clear and simplified format. You can view crucial data such as your profit and loss summary, balance sheet summary, and the differences between specific financial periods.

  2. Edit Financial Statements: Empress provides a user-friendly interface that allows you to easily edit information in your financial statements. You can update the data as your financial situation changes, ensuring that your records are always accurate and up-to-date.

  3. Sort Financial Statements: With the Bisect Accounting Statements feature, you can sort your financial statements based on different criteria. This makes it easier to find specific data and allows you to analyze your financial situation more effectively.

  4. Track Financial Statements: The feature also allows you to track changes in your financial statements. This helps you to keep track of your financial progress and makes it easier to identify trends and patterns.

User Roles and Permissions

The Bisect Accounting Statements feature in Empress is accessible to users with an Administrator role. These users have full permissions, including the ability to create, delete, print, read, share, and write financial statements.

How to Use the Bisect Accounting Statements Feature

  1. From the main dashboard of Empress, navigate to the Accounts Module.

  2. Inside the Accounts Module, find and click on the “Bisect Accounting Statements” option.

  3. You are now viewing the Bisect Accounting Statements page. From here, you can view, edit, sort, and track your financial statements.

  4. To edit a statement, simply click on the data you wish to change and enter the new information.

  5. To sort your statements, click on the “Sort” button and select your preferred sorting criteria.

  6. To track changes in your financial statements, navigate to the “Track” option and select the financial period you wish to examine.

Conclusion

The Bisect Accounting Statements feature in Empress is a powerful tool that can greatly enhance your ability to manage and analyze your company’s financial situation. By making use of this feature, businesses can ensure they are always equipped with the most accurate and up-to-date financial information, leading to more informed decision-making and improved financial management.

For more help and resources about Empress and its features, visit our Help Center or contact our support team at [email protected].