<p>The standard set of accounting reports are needed by many organizations. A standard General Ledger, Balance Sheet, and Income Statement can be generated automatically from Valueflows data. No need to create a Chart of Accounts or post double-entries, those can all be created by a computer program on request.</p>
<p><img alt="A typical general ledger hierarchy of accounts" src="../../assets/std-accounting.png" /></p>
<p>Moreover, General Ledgers and accounting reports can be created automatically for each