Review account statements on the Rowaa platform

Account Statement is a financial report that summarizes all financial transactions that occurred on a specific account during a certain period. It helps you track financial transactions, reconcile accounts, and compare balances to ensure their accuracy.

#Benefits of Account Statement

• Track all financial movements on the account.

• Know the final balance for each account (credit or debit).

• Facilitate accurate reconciliation and review of accounts.

ℹ️ Note: The Riway system automatically updates the chart of accounts and records daily entries (in an automated manner), so that account statements are always updated and ready for issuance.

#Accessing Account Statements

1. Go to Reports > Financial > Account Statements.

2. Click on the report to view details.

3. Select the desired time period.

4. Choose the required account name.

5. Select the required location (branch).

#Filtering Search Results

You can filter search results when adding cost centers:

1. Click on "Filter."

2. Select the cost center.

3. Click on "Apply."

4. Results appear according to the specified cost center.

ℹ️ If you do not add cost centers, a window will appear (No cost centers have been added).

To learn how to add a cost center, click here.

#Sorting Data

1. Click on the "↑ ↓ Date" field.

2. Choose the appropriate order:

• Oldest first.

• Newest first.

#Reading the Account Statement

The statement contains the following information:

• Opening balance.

• Date: Date of the transaction (entry).

• Type of transaction: Varies according to the account type (such as sale, return, manual entry…).

• Reference number: Invoice number or transaction associated with the entry.

• Entry number: The automatic or manual number of the entry.

• Account: The specified account to display its statement.

• Debit/Credit: Shows the amount in the appropriate column according to the transaction type.

• Description: Shows the description of the entry if added.

• Balance: The current balance of the account.

At the end of the statement, it shows:

• Total debit and credit.

• Closing balance of the account.

#Exporting the Account Statement

• Click on "Export":

  • To export the report to an Excel file, choose: Excel File.

  • To export the report to a PDF file, choose: PDF File.

• The file is downloaded to your device.

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#Frequently Asked Questions

1. How do I add a description to an entry through the account statement?
   Click on the entry number > click on the three dots > edit entry > add description > save.

2. Why do some entry numbers not appear sequentially?
   The account statement shows entries for the specified account only, not all entries.

   To see the full sequence, go to Accounting > Daily Entries.

3. Can I print the account statement from the platform?

   You can print the account statement by first exporting it in Excel or PDF format, then printing it from the file.