Schedules

A schedule is a breakdown of one or multiple accounts into individual movements for a certain period.

Schedules categorize financial data into, for example, assets (gross value and depreciation), receivables, payables, equity, and accruals.

Schedule details provide details of financial data.

You can define schedule details for each schedule. For example, increases, decreases, and other details according to your GAAP requirements. Schedule details are typically used to split data into movements, write-offs, or corrections. In Financial Consolidation, schedules have a system-created opening balance and closing balance, but only if the use of opening balances is configured for schedules.

Schedules can be aging schedules or development schedules. Aging schedules present the maturity structure of an account. Development schedules present the development from the opening balance to the closing balance.

Development schedules require these elements:

• Closing balance
• Opening balance
• Currency translation difference

Aging schedules require at least a total element and one base element.

In Financial Consolidation, one account can be assigned only to one schedule.