Reading the figures with care

CFO Panorama turns the postings of your accounting system into management reports. It calculates every figure from the imported books — it does not estimate missing data or add balancing amounts. That also means a report can only be as complete and as timely as the books behind it. This page lists what to keep in mind.

Management reporting, not statutory accounts

The reports are management reports: they group your accounts into a common structure, consolidate a group and translate currencies so that owners and managers can compare and decide. They are not the statutory financial statements filed with the register, they are not audited by CFO Panorama, and their layout is not a claim of compliance with Czech accounting standards or IFRS. Where a lender or an auditor needs figures, they should agree them with the statutory accounts.

Only what is posted is reported

• Late postings. An invoice entered in April for March makes March incomplete until it is posted and the journal is imported again.
• Accruals and year-end entries. Monthly figures without accruals (for example annual bonuses or insurance paid once a year) swing from month to month; the full year is right once the year-end entries are posted.
• Unpaid and unmatched items. If payments are not matched to invoices in the accounting system, receivables and payables — and the days ratios built on them — overstate what is really open.

Draft, locked and live figures

Each report says what its figures are: the status chip beside the period shows whether you are reading a locked snapshot, draft figures or live current data (see The Reports page). Draft figures can still change with the next import. Lock a month once it is reported, so the figures you sent stay the figures you see (see Period locks).

Mapping decides the lines

Which report line a local account lands on depends on its mapping to the group's chart of accounts. An account mapped to the wrong line moves an amount between lines without changing the total; an account not mapped at all is shown on the unmapped line and named in the report's notes. Check the coverage before relying on a line (see Account mapping and coverage).

Currencies

Figures in another currency than a company's own are translated at the Czech National Bank’s rates (a budget at its own budget rate) — closing rates for balances, averages for flows and historical rates where the method requires them. The differences that this creates are shown as currency translation differences, not hidden in other lines (see Exchange rates).

Ratios and percentages

A ratio is computed only when its inputs make sense: with a negative or very small divisor the application shows no figure rather than a misleading one, and it says why (see Ratios). A ratio is a prompt for a question, not an answer on its own.

When in doubt

Click the figure: the drill-down shows the accounts, the journals and the postings behind it, down to the document number in your accounting system (see Drill-down). If the postings are wrong, correct them in the accounting system and import the journal again — CFO Panorama never changes your books.