Compiere 3.0 Spotlight: New Financial Reports

We will be posting a series on our blog so that we can help you learn about and better familiarize yourself with the new features in Compiere 3.0.

One of the many new features of Compiere 3.0 is the new and improved reporting capabilities, specifically the financial reports. Compiere 3.0 features new standard reports such as the General Ledger, Trial Balance, Profit & Loss Statement, and the Balance Sheet which are the some of the basic reports needed to run accounting functions in an organization. These reports are built on the existing ones in Compiere and are improved in 3.0 to be more simplified, easy-to-use and more standardized, based on general US accounting standards. They can also easily be modified and changed to apply to various accounting standards across the globe.

Sales by Product and Sales by Business Partner are two brand new financial reports in the new Compiere release. All of these reports are standard across the board in all three 3.0 editions. In fact, Compiere is currently using all these financial reports internally as well. This expanded set of financial report templates allows you and your customers to more effectively use Compiere to manage the business. For more information about Compiere 3.0 please visit the Compiere Web site.