When Finstack is connected to your accounting software, it is time to configure the structure of your financial statements. This is done in Setup > Structure. Please select the Default structure in the overview to get started. We have already preloaded a standard structure for your Profit and Loss statement, Balance sheet and Cash flow statement.
You can update this to your liking by (1) adding new classes by the Add class button top right or (2) reposition, (3) add or (4) delete existing classes by using the buttons on the class itself.
You can introduce formulas through the Add formula button top right and create basic calculations referring to other classes from the financial statements or KPIs.
Some classes, such as Result (PL), Current Year Earnings (BS) and Retained Earnings (BS) are reserved by the system. It is not possible to update these, apart from renaming them.
https://www.youtube.com/watch?v=bW-pW_t2mHU
<aside> 💡 In the Structure overview, you can create multiple structures with different levels of detail. Use this for example for separate business units or annual reports.
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👉 Now you are ready for the next step (4/6):