System Elements tab

Caution:

If the system accounts are not configured correctly, the system will not work.

You configure the required top accounts in the Top Elements Configuration section of the System Elements tab. This table describes the top accounts:


Top elements configuration	Description
Balance Sheet	Defines the top account of the balance sheet. This setting is required for the Budgeting & Planning business model.
Assets	Defines the top account of the assets. This setting is required for the Budgeting & Planning business model.
Liabilities	Defines the top account of the liabilities. This setting is required for the Budgeting & Planning business model.
Profit and Loss	Defines the top account of the profit and loss that is attributable to parent's equity holder. This setting is required for the Budgeting & Planning business model. It provides a starting point or top level account for all Profit and Loss selection dialogs. The account is also used as the source for the transfer from the Profit and Loss statement to the Balance Sheet’s Retained Earnings.

System elements are stored in the Planning Configuration dimension (BPDCONFIGURATION). Elements below the node SYSTEM_ELEMENTS are automatically created by Designer.

Elements below TOP_ELEMENTS are used to specify the correct top elements in the account structure. The settings are used in reports to offer the appropriate account selection.

In the Balance Sheet Profit/Loss section, you configure the required balance sheet profit/loss accounts. This table describes the balance sheet and profit/loss accounts:


Balance sheet profit/loss	Description
Profit and Loss / Base Account	Defines the Balance Sheet equity account that will receive the profit and loss value for the period. This setting is required for the Budgeting & Planning business model.
Retained Earnings	Defines the Balance Sheet account that presents retained earnings. This setting is required for the correct transfer of net income from the Profit and Loss statement to the Retained Earnings account of the designated balance sheet that presents the result of the period. The opening balance of the Retained Earnings account is calculated for the remaining years of the configuration set after the transfer of the profit and loss to the balance sheet.

In the Other Elements Configuration section, you define the cash flow system accounts. This table describes the cash flow system accounts:


Other elements configuration	Description
Cash Flow / Account Type	The account to which the calculation type for a certain cash flow account is saved to.
Cash and Cash Equivalents	The account of the balance sheet that shows the closing balance of the cash and cash equivalents.
Net increase/decrease in Cash and Cash Equivalents	The position of the cash flow statement that shows the total difference of the cash and cash equivalents.
Currency Differences Cash Flow	The account that receives the total currency differences after the local cash flow is completely reconciled and the cash flow is already calculated into group currency.
Opening Balance Cash	The cash flow position that shows the opening balance of the cash and cash equivalents.