Compliance Reporting
In this guide, we'll look at how to get the data you need to prepare a compliance report.
Use Case Overview
When preparing a compliance report, you need several pieces of accounting data to ensure that all financial activities are reported accurately.
Assume you are building compliance software for businesses. Compliance reporting requires accounting data such as Profit and Loss statements, Balance sheets, Cash flow statements, Accounts payable, Accounts receivable, payroll data, tax data, and more.
In this guide, we'll cover how to retrieve the data needed to help prepare a compliance report for a business with Alloy.
General Ledger Report
To start, create a workflow using the On Installation Trigger.
The On Installation Trigger tells Alloy to only run this workflow when an end user connects to your app. If you need to run the workflow multiple times, use a Custom Event or a Scheduled Trigger to run at specific intervals.
Then, select the accounting connector you are building a workflow for. For this example, we're using an integration with Quickbooks.
Select the General Ledger - Find a general ledger report action. Click Next. Configure the optional parameters to suit your needs. Then, click Next again to complete.
Profit and Loss Statement
Learn more about building a Profit and Loss workflow.
Balance Sheet
Learn more about building a Balance sheet workflow.
Accounts Payable
Learn more about building an Accounts payable workflow.
Accounts Receivable
Learn more about building an Accounts receivable workflow.
Wrapping Up
Alloy provides third-party integrations to help you quickly build powerful workflows for compliance reporting using a Business' financial data.