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Question

Financial Statements

  • July 1, 2026
  • 1 reply
  • 14 views

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  • Sidekick (Partner)

Hi All,

Other than Accounting Structure and Business Reporter, is there any standard, out-of-the-box functionality in IFS Cloud which can automatically generate an Income Statement and Balance Sheet at the end of each month without leaving IFS Cloud?

Thank you

1 reply

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Sorry, 

But in IFS Cloud, business reporter is the tool we use.  Previously before Cloud, we had a tool - Report Generator, but that was dropped for Cloud.   

In all reality you can use other non IFS tools.  OOB Out of the Box, business reporter is the tool.  You may or may not use the structures when designing a report.  Structures are not mandatory when designing a report.  I’ve had mixed opinions as to if the structures are easier or more difficult. 

 

Best regards, 

Thomas