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title: "Overview (Financial Reporting)"
canonical: "https://kb.myframeworks.com.au/space/PROSTIXV48DOC/31099648/Overview%20(Financial%20Reporting)"
format: markdown
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Users of ProStix have financial reporting needs that demand a G/L chart structure that they can view at a summary level down to a very granular level. With this flexibility they can produce financial reports by:  Organisational   Structure     Financial   Structure     Thus there are two hierarchies that lead down to the account - the organisational structure and the financial structure. There is a standard list of categories (these cannot be maintained by the user): 10 – Assets 20 – Liabilities 30 – Equity 80 – Income 90 – Expenditure  The most granular level of account grouping that represents the actual instance of the account which could be for instance the description of a leased item. In the case of a control account it would be the description of a company, branch or product group.    Benefits to the user