> ## Documentation Index
> Fetch the complete documentation index at: https://docs.arya.so/llms.txt
> Use this file to discover all available pages before exploring further.

# Balance sheet

> Statement of assets and liabilities, income statement, period close, real-time reporting.

Arya produces in real time the **balance sheet**: **statement of assets and liabilities** (assets vs liabilities), **income statement** (costs vs revenue), and a simplified **cash flow statement**. Useful for internal control and for working with your accountant.

<Frame>
  <img src="https://mintcdn.com/agevole/BUuJGD62nuns4mJL/images/finance/en/balance-sheet.svg?fit=max&auto=format&n=BUuJGD62nuns4mJL&q=85&s=bcd665ad63325969f9f560b7a80316e7" alt="Balance sheet with assets and liabilities side by side" width="1200" height="720" data-path="images/finance/en/balance-sheet.svg" />
</Frame>

<Warning>
  Arya's balance sheet is a management tool. The official balance sheet (with *nota integrativa*, CCIAA filing, OIC-compliant cash flow statement) is prepared by the accountant. Arya provides the base data and can export to the accountant software import format.
</Warning>

## Statement of assets and liabilities

### Structure

```
ASSETS
├── Fixed assets
│   ├── Intangible
│   ├── Tangible
│   └── Financial
├── Current assets
│   ├── Inventory
│   ├── Receivables (customers, tax, others)
│   └── Cash and equivalents
└── Accruals and deferrals

LIABILITIES AND EQUITY
├── Equity
│   ├── Capital
│   ├── Reserves
│   └── Retained earnings
├── Provisions
├── Severance (TFR)
├── Payables (suppliers, tax, financial, to employees)
└── Accruals and deferrals
```

### Filters

* **Reference date** (default: today, changeable for period balance sheets)
* **Currency** (if multi-currency)
* **Compare** with another period (e.g. YTD vs previous year)

## Income statement

### Structure

```
A) PRODUCTION VALUE
  Sales revenue
  Change in finished products inventory
  Other revenue

B) PRODUCTION COSTS
  Raw materials
  Services
  Rent
  Personnel
  Amortisation and depreciation
  Change in raw material inventory
  Provisions
  Other expenses

A-B DIFFERENCE (EBIT)

C) FINANCIAL INCOME AND EXPENSES
D) VALUE ADJUSTMENTS
PRE-TAX INCOME
Income taxes
NET INCOME
```

## Period close

<Steps>
  <Step title="Before closing">
    Verify:

    * All issued and received invoices for the period
    * Complete bank reconciliation
    * Adjustment entries (amortisations, accruals, deferrals)
    * Inventory count if applicable
  </Step>

  <Step title="Close period">
    **Finance → Closings → Close period** → pick month/quarter/year.

    <Warning>
      Once closed, the period cannot be edited without explicit reopening (Admin).
    </Warning>
  </Step>

  <Step title="Generate balance sheet">
    Arya computes the final balance sheet and locks it.
  </Step>

  <Step title="Export">
    PDF for internal review, XBRL/XLS for accountant.
  </Step>
</Steps>

## Cash flow statement

Arya produces a simplified statement using the **indirect method**:

* Operating cash flow (from net income + amortisation + working capital changes)
* Investing cash flow (asset purchases/disposals)
* Financing cash flow (new debt, repayments, dividends)
* Net change in cash for the period

Useful for liquidity monitoring, not a replacement for the official statement.

## Comparisons and trends

<CardGroup cols={2}>
  <Card title="YoY">Same period previous year comparison.</Card>
  <Card title="MoM">Current vs previous month trend.</Card>
  <Card title="YTD">Cumulative from January 1st.</Card>
  <Card title="Forecast">Year-end projection based on YTD trend (management only).</Card>
</CardGroup>

## Export for accountant

Supported formats:

* **PDF** — printable balance sheet with notes
* **XLS** — sub-account detail, main entries
* **XBRL CCIAA** — official chamber filing format (draft)
* **Accountant format** — TXT / CSV import to Profis, TeamSystem, Zucchetti

## Frequently asked questions

<AccordionGroup>
  <Accordion title="Is Arya's balance sheet usable for tax returns?">
    It's a starting point, but tax returns are prepared by the accountant with adjustment entries, fiscal reclassifications, tax calculations. Arya provides the base data.
  </Accordion>

  <Accordion title="How do I handle amortisation and accruals/deferrals?">
    In **Finance → Adjustment entries** you can manually enter amortisations, accruals, deferrals, provisions. Or import from the accountant at year-end.
  </Accordion>

  <Accordion title="Can I reopen a closed period?">
    Only Admin, with explicit log. All subsequent entries must be re-executed manually.
  </Accordion>
</AccordionGroup>