User can use Financial Reports to create Balance Sheet and Profit & Loss Statement that fit their use.
| To create new Account ScheduleFinancial Report | ||
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| 1 | Go to Account Schedule than click [New] Search "Financial Report", then click "New" to create a new account schedule nameone. |
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| 2 | Enter the report name, description, row definition & column definiation. User can edit the row definition and column definition for each report nameThen input related fields. Name, Description and Default Column Layout. For default Column Layout, user can use system's sample layout. Choose M-BALANCE for Balance Sheet and choose M-NETCHANGE for Profit & Loss Statement. |
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| 3 | Choose Edit Account Schedulethe financial report. |
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| 4 | Choose To edit the row definition, chick Insert > Insert G/L Accounts |
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| 5 | Select the G/L Accounts to be inserted, then click OK. For example, Balance Sheet only includes Balance Sheet G/L Accounts. |
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| 6 | For Balance Sheet, user will need to add a row to include current year's Profit & Loss figures. For Totaling Type column, choose Posting Accounts. Under Totaling column, input Profit & Loss G/L Accounts. |
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| 7 | For Totaling Type most commonly use are:
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To run Account Schedule, highlight the report user want to run, then press Process > Overview.click "View Financial Report"
Input related Date Filter and the results will show at the bottom. E.g. Income Statement
