Financial Statement Masters Information

Building and updating financial statements with Microsoft® Excel is now automated! ExcelFSM integrates into Excel the simple and universal Financial Statement Module (Patent) method to build and update financial statements for any type of business or organization (The Method), and provides the capacity to read, organize, and manipulate the accounting data of any accounting software (Business Intelligence). ExcelFSM adds the high level concepts of financial statements to Excel, i.e.: trial balances and the notion of debit and credit; as-of dates; accounts; grouping accounts into financial statement "Items"; grouping "Items" into "Totals"; adjusting entries; working papers; and more. ExcelFSM transforms globally-used Microsoft Excel into: 1) an automated financial statement generator for any accounting software and 2) a powerful Trial balance program. About FSM Millions of people worldwide prepare financial statements every day (annual f/s, periodic f/s, forecasted f/s, budgeted f/s, pro forma f/s, analytical f/s). Some use expensive and complicated financial reporting software, while others rely on their usual word processor and spreadsheet software. These wide-open designing and formatting tools provide a tremendous amount of flexibility in building financial statements; however, use of these tools cannot overcome several limitations. They: 1) are not integrated with the accounting data; 2) require a substantial amount of data manipulation; 3) make it harder to ensure completeness of the financial statements without excessive review; 4) cannot automatically update the financial statements. The current process is not only time-consuming, but must be continually repeated. The patented technology within the Financial Statement Module removes these limitations and transforms office tools into powerful, flexible, inexpensive and easy-to-use financial reporting software. ( WordFSM will transform globally-used Microsoft Word ) .