Finance Book

Overview

Finance Book — Business Overview

What the Finance Book is used for

The Finance Book is used to organize and separate financial records for different accounting purposes within Dafater. It allows a business to maintain multiple views of its finances under the same operational structure. Each Finance Book represents a distinct set of accounting records, such as statutory accounting, management reporting, or internal performance tracking.

In simple terms, the Finance Book helps businesses keep their financial numbers structured and clearly categorized based on how and why those numbers are reported.

Prerequisites and setup requirements

Before using the Finance Book, the business should:

Have a clear understanding of why multiple financial views are needed
(for example: legal reporting vs. internal management reporting)
Define naming standards so each Finance Book is easily recognizable
(such as “Statutory Accounts” or “Management Accounts”)
Ensure accounting policies and reporting rules are already agreed internally

No complex setup is required, but clarity of purpose is essential before creating Finance Books.

Typical workflow and how it fits into business processes

The Finance Book is usually set up early in the accounting lifecycle. Once created:

The business defines one or more Finance Books based on reporting needs.
Financial transactions are recorded and associated with the appropriate Finance Book.
Reports are generated using a specific Finance Book to reflect the correct financial perspective.
Finance teams use different Finance Books to analyze results without mixing data meant for other purposes.

This ensures that the same business activity can be viewed differently depending on reporting requirements, without duplicating operational work.

Key business scenarios where the Finance Book is essential

The Finance Book becomes especially important in scenarios such as:

Statutory vs. management reporting
Keeping legally required financial statements separate from internal performance reports.
Group or consolidated reporting
Maintaining separate accounting views for consolidation or internal comparisons.
Different accounting standards
Supporting multiple reporting frameworks for audits, investors, or regulators.
Internal financial analysis
Allowing management to review adjusted or projected figures without impacting official records.

Important considerations for users

When working with the Finance Book, users should keep in mind:

Use clear and consistent naming to avoid confusion.
Do not create unnecessary Finance Books — each one should serve a real business purpose.
Ensure everyone involved in accounting and reporting understands which Finance Book to use.
Once financial data is actively recorded, changes should be carefully controlled to protect reporting accuracy.

In summary, the Finance Book is a simple but powerful business tool in Dafater that enables structured, flexible, and accurate financial reporting across different business needs.

Basic Information

Module: Accounts
Document Type: Document

Fields

Field Name	Label	Type	Required	Options	Description
financebookname	Name	Data		-	Unique identifier for finance book used across Dafater accounting

Permissions

Role	Read	Write	Create	Delete
Accounts User	✓
Accounts Manager	✓	✓	✓	✓
Auditor	✓

DocType	Relationship	Module
Account Closing Balance	Linked from	Accounts
Asset	Linked from	Assets
Asset Capitalization	Linked from	Assets
Asset Depreciation Schedule	Linked from	Assets
Asset Shift Allocation	Linked from	Assets
Asset Value Adjustment	Linked from	Assets
Company	Linked from	Setup
GL Entry	Linked from	Accounts
Journal Entry	Linked from	Accounts
Payment Ledger Entry	Linked from	Accounts
Process Statement Of Accounts	Linked from	Accounts