Viewing Finances

The BraveLender platform provides a comprehensive financial management system that allows you to view financial summaries, access detailed statements, and make entries for financial records. This guide will walk you through the steps to view finances and manage financial statements.

#Financial Summaries

The Financial Summaries section provides an overview of key financial metrics. You can view the following summaries:

1. Total Remissions/Collections: The total amount collected from loan repayments.
2. Administrative/Processing Fees: The total fees collected for loan processing and administration.
3. Penalty Fees Collected: The total penalties collected from overdue loans.
4. Total Loans Disbursed: The total amount of loans disbursed to borrowers.
5. Principal Loans Disbursed: The principal amount of loans disbursed.
6. Loan Balances in Circulation: The total outstanding loan balances currently in circulation.
7. Penalties in Circulation: The total penalties currently in circulation.
8. Defaults in Circulation: The total amount of loans that are in default.

#Steps to View Financial Summaries

1. Log in to the system using your credentials.
2. Navigate to the Accounting & Reports section on the dashboard.
3. Click on Finances.
4. The financial summaries will be displayed at the top of the page.

#Financial Statements

The Financial Statements section allows you to view and manage detailed financial records. The available statements include:

1. Trial Balance: A summary of all ledger accounts to ensure that debits equal credits.
2. Income Statement: A report of the organization's revenues, expenses, and profits over a specific period.
3. Balance Sheet: A snapshot of the organization's assets, liabilities, and equity at a specific point in time.
4. Cash Flow Statement: A report of cash inflows and outflows, categorized into operating, investing, and financing activities.

#Steps to View Financial Statements

1. Navigate to the Finances section under Accounting & Reports.
2. Select the statement you want to view:
   • Trial Balance
   • Income Statement
   • Balance Sheet
   • Cash Flow Statement
3. The selected statement will be displayed with detailed entries.

#Steps to Make Entries on Financial Statements

1. Open the desired financial statement (e.g., Trial Balance).
2. Click on the Add Entry button.
3. Fill in the required details for the entry:
   • Account Name: Select the account from the dropdown menu.
   • Debit/Credit Amount: Enter the amount for the transaction.
   • Description: Provide a brief description of the entry.
   • Date: Specify the date of the transaction.
4. Click Save to add the entry to the statement.

#Notes

• Ensure that all financial entries are accurate to maintain the integrity of the financial records.
• Use the Export option to download financial summaries and statements in CSV, Excel, or PDF format for reporting purposes.
• Only users with appropriate permissions can make entries or modify financial records.

#Conclusion

By following these steps, you can efficiently view and manage financial summaries and statements on the system. This ensures accurate financial tracking and reporting for your organization.

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