Accounting reports
Accounting reports provide comprehensive visibility into your asset financials and transitions over time. These reports help streamline your close process and provide insights into business performance.
Asset rollforwards
Asset rollforward reports show the flow of assets over a specific date range, providing visualizations that track how asset quantities change from start to end balances. These reports help you understand asset movements, additions, and dispositions across different accounting categories.
Did you know? A rollforward is sometimes called a waterfall because the formula of start + additions - subtractions = end lends itself to clear display with a waterfall chart.
Inventory rollforward report
The inventory rollforward report shows the flow of inventory over a date range, tracking start and end balances with all movements in between. This report provides a comprehensive view of inventory changes including new deployments, sales, and scrap activities.
Key rollforward components
Start - Inventory at the beginning of the period
Additions - New assets added to inventory during the period
Deployed - Inventory assets deployed during the period
Sales - Assets sold out of inventory during the period
Scrap - Assets scrapped out of inventory during the period
End - Inventory assets remaining at the end of the period
Visual elements
Summary data - Key metrics including total additions, dispositions, and net change
Waterfall chart - Visual representation of asset flow with color-coded movements
Detailed breakdown - Asset-level detail supporting the rollforward calculations
How to use
Navigate to Reports → Inventory rollforward report
Select your analysis date range to define the transition period
Choose between unit quantity ("units") or dollar value ("dollars") analysis
Use summaries to get quick insights into overall inventory changes
Review the waterfall chart to understand inventory flow patterns
Export data for financial reporting and inventory planning
Fixed-asset rollforward report
The fixed asset rollforward report shows the flow of fixed assets over a date range, tracking start and end balances with all movements in between. This report provides a comprehensive view of fixed asset changes including new deployments, depreciation, sales, and scrap activities.
Key rollforward components
Start - Fixed assets at the beginning of the period
Additions - New assets deployed to fixed status during the period
Depreciation - Accumulated depreciation over the period
Sales - Assets sold during the period (shown in yellow)
Scrap - Assets scrapped during the period (shown in red)
End - Fixed assets remaining at the end of the period
Visual elements
Summary data - Key metrics including total additions, dispositions, and net change
Waterfall chart - Visual representation of asset flow with color-coded movements
Detailed breakdown - Asset-level detail supporting the rollforward calculations
How to use
Navigate to Reports → Fixed-asset rollforward report
Select your analysis date range to define the transition period
Choose between unit quantity ("units") or dollar value ("dollars") analysis
Use summaries to get quick insights into overall inventory changes
Review the waterfall chart to understand inventory flow patterns
Export data for financial reporting and depreciation calculations
Bridge reports
Asset bridge reports show a time series of rollforward reports for a particular period duration, over a specific date range. For example, they may stack monthly rollforwards over the course of a year.
These reports provide a "bridge" visualization to show how asset quantities change from start to end within every period, and how those period changes compound over time. A bridge helps users understand asset movements, additions, and dispositions—across different accounting categories in every particular period—and how those changes stack up over the date range.
Did you know? A bridge is actually a series of stacked waterfalls, where each waterfall is aggregated into a single bar (for each period) and shown on a time series (over the time range).
Inventory bridge report
The inventory bridge report provides a comprehensive view of inventory changes over time using visual time-series stacked bar charts. This report helps users understand inventory flows between different states, and identify trends in asset movement patterns across weekly, monthly, quarterly, and yearly intervals.
Key bridge components
Time-series visualization: Stacked bar charts showing inventory changes over time
Movement tracking: See how assets move between inventory states (added, deployed, etc.)
Different time period options: View data by week, month, quarter, or year for different analysis windows
Date range analysis: Identify patterns in inventory flow and seasonal variations over time
Export capability: Download bridge data for external analysis and reporting
How to use
Navigate to Reports → Inventory bridge report
Select your desired time period (weekly, monthly, quarterly, yearly)
Choose your analysis date range (e.g., Jan 1 to Dec 31)
Choose between unit quantity ("units") or dollar value ("dollars") analysis
Review the stacked bar chart to understand inventory movement patterns
Export data for further inventory planning and analysis
Exception reports
Asset exception reports show any transactions with missing or inconsistent details for accounting purposes. Exception reporting can be reviewed and resolved at any time, but is required as part of the monthly close process.
There are two types of exception report: date and detail.
Date inconsistencies
The date inconsistencies report shows 5 types of date-related asset exceptions:
In-service date before inventory date
Asset sale date before inventory date
Asset scrap date before inventory date
Asset movements before inventory date
Asset assignment before inventory date
Detail inconsistencies
The detail inconsistencies report shows 4 types of detail-related asset exceptions:
Missing cost basis for inventory purchases
Missing useful life for fixed assets
Missing inventory cost details for assets with capitalized deployment costs
Salvage value greater than 50% of deployed cost basis
Resolving exceptions
For each exception in the report, you can take action to resolve the issue:
Inline resolution: Some exceptions can be resolved directly from the exception report without leaving the page. Click the "Resolve" button next to the exception to open a resolution modal where you can:
Update missing accounting details
Correct inconsistent dates
Add required information
Hardfin provides real-time validation as you make corrections to ensure the data is complete and consistent.
Navigate to source: For complex exceptions that require more context, the "Resolve" button will navigate you to the appropriate page (asset details, shipment details, etc.) where you can make the necessary corrections.
Resolution guidance: The exception report indicates which exceptions can be resolved inline and which require navigation to other pages. Follow the prompts to efficiently resolve all exceptions.
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