How your accounts are presented in a report is an important aspect of financial reporting. To address concerns of users in having flexibility when viewing financial statements, we present an enhancement in the Accounting module that allows consistent presentation of financial reports. This allows business owners and accountants to effectively communicate financial results based from clear and accurate information.
Cohesive Set of Financial Statement Views
Our well integrated financial statement views only support the Balance Sheet and Profit and Loss financial statements. To get a financial report, you may navigate to Accounting module > Financial > FinancialReport. On the Financial Report window, select only Balance Sheetor Profit and Loss financial statements. Once loaded, you will be able to click on the View button and select the options as follows.
View Financial Statement by Account Group
This presents a higher view of the account group totals such as the current assets, current liabilities, equities, etc.
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View Financial Statement by Account Details
The underlying details or values of an account group are presented such as the checking, cash and cash equivalents, expenses, revenues, etc.
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View Financial Statement by Account Details with Account Code
The account codes under an account group are presented, thus giving you more details on where the values actually came from.
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