# P&L, balance sheet and cash flow ready on closing day

> P&L with unlimited levels, balance sheet and cash flow from your ERP entries, with the statutory statement alongside and a Control Center to check it.

Updated: 2026-10-02 · Author: Santiago Viglione (Fibady) · https://www.fibady.com/en/product/financial-reporting

Fibady produces the income statement, balance sheet and cash flow (direct and indirect) of each entity and of the group from the journal entries in your ERP. No templates to maintain: change the structure once and every period, entity and currency recalculates.

## Why a P&L with unlimited levels?

Because a CEO's P&L and a controller's P&L are not the same document. In Fibady each company has its own account tree, with as many levels as it needs — gross margin, contribution by business line, adjusted EBITDA, whatever you use — and the AI can propose the account classification so you do not start from scratch; you review it. Every level opens down to the account and the entry. One source serves both the board and the close.

## Can I see the statutory statement next to the management P&L?

Yes: Fibady shows the official financial statement next to the management view, so you can check that the P&L you decide with starts from the same figures as the one you file. And any line drills down to the entry with its debit and credit, with the full journal one click away.

## How do I know the numbers tie before I present them?

Fibady's Control Center reviews every loaded month before you present it: debits equal credits, assets equal liabilities plus equity, no unclassified accounts or uncategorised bank transactions are left, P&L result matches the balance sheet and the cash variation matches the banks. Each check shows green, amber or red, tells you which month and account to look at and takes you straight to the fix. Closing and adjustment entries are detected and excluded from the P&L so the result is never doubled. And the load history records what data came in, when and from where.

## Can I compare periods, entities and budget?

Yes: month on month, year to date, against the prior period, actual vs budget and vs forecast, by business unit, per entity or consolidated, in group or entity currency. And you export exactly what you see to Excel, with live formulas, for audit or further modelling. For deeper analysis of variance against plan, there is Management control in [budgeting](/product/budgeting).

## How Fibady does it

- P&L (gross margin, EBITDA, net income) with unlimited levels and drill-down to the entry
- Each company's own account tree; the AI proposes the classification and you review it
- Statutory statement next to the management view
- Balance sheet and indirect cash flow derived from the books; direct cash flow from banks
- Journal with the debit and credit of every entry
- Analytic accounts: business unit, area, cost centre, location
- Invoicing: sales, purchases, margins by customer and product, sales commissions
- Control Center with a green, amber and red traffic light, configurable tolerance and closing-entry detection
- Comparisons against budget, forecast or prior period; rolling forecast: actuals to the last closed month, plan from the next
- Views by business unit, by company and consolidated; comparisons you compose
- Load history (what, when, from where) and full history from the first connection

Fibady connects to more than 25 ERPs, with a live API for [Odoo](/integrations/odoo), [Holded](/integrations/holded), [Tango](/integrations/tango), [SOS Contador](/integrations/sos-contador) and [EternumPRO](/integrations/eternumpro). If your ERP has no connector, you export the journal to Excel and Fibady adapts it, or you use the API. If you still build these reports by hand, see the comparison [Fibady vs Excel](/compare/fibady-vs-excel).

## Frequently asked questions

### Does Fibady replace my accountant or my ERP?

No. Fibady reads the entries that already exist in your ERP and turns them into reporting. The books stay with whoever keeps them today.

### What if my books contain errors?

The reports will show them and the Control Center will flag them with its traffic light. Fibady does not fix entries; it tells you where to look and takes you straight to the screen to sort it out.

### Do I have to build the chart of accounts by hand?

Not necessarily. Each company has its own account tree, with as many levels as you need, and the AI can propose how to classify the accounts; you review and adjust it.

### Can I see the statutory statement too?

Yes. The official financial statement sits next to the management view, so you can check that your management P&L starts from the same figures as the one you file.

### Can I export the reports?

Yes, to Excel with live formulas (aggregates come out as sums, not pasted values). AI-generated reports export to Word and PDF.

Book a demo: https://www.fibady.com/en/demo