Of the Quarterly financial statements is the financial statement, which is prepared at the end of each financial quarter and shows the economic development of the previous three months. It closes the gap between the purely internal monthly financial statements and the complex annual financial statements required by law. For listed companies, the publication of a quarterly report is an obligation as part of financial market communication in order to provide investors and the public with transparent information. However, the quarterly report is also an important strategic management tool for non-capital market-oriented companies in order to review the achievement of annual targets and set a new course if necessary. The processes for preparing the financial statements are largely identical to those for other financial statements, which is why the automation functions of an ERP system can also be utilised here. periodic financial statements in SAP Business One considerably. For the special requirements of external reporting to banks or investors, add-ons such as the Versino Financial Suite help to prepare and consolidate the required data in a specific format.
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