App Profile: Nano Balance Sheet

Nano Balance Sheet is a comprehensive application designed to facilitate the acquisition of financial information, specifically balance sheets, for businesses or individuals.
Utilizing the Generally Accepted Accounting Principles (GAAP), the application streamlines the data entry and reporting processes, eliminating the need for specialized knowledge. It seamlessly integrates with both local and cloud databases, providing robust user management and access control for application objects.

Business transactions are seamlessly recorded within the application through the transaction log, and the application processes them according to predefined settings for each transaction type and transfer. These processed transactions are then recorded in the General Ledger, from which the application generates various reports, including Trial Balance, Balance Sheet, Profit and Loss Statement, Statement of Changes in Equity, Statement of Sources of Receipt and Directions of Expenditure of Cash (Cash Flow), Debtors, and Creditors.

The application offers a pre-configured set of business transaction types, allowing users to easily customize and define additional transaction types as per their specific requirements.
Upon installation, the application includes a ready-made chart of accounts, sample business transactions, and initial opening balances. Familiarization with the application’s functionality on test data facilitates the deletion of test data and the commencement of data entry.