Configuring Balance Sheet

  1. Select Modules > Consolidation > Balance Sheet and click Configure.
  2. Specify this information:
    Total Assets
    Select the top group asset account in the hierarchy that is used to calculate total assets.
    Total Liabilities
    Select the top group liability account in the hierarchy that is used to calculate total liabilities and equity.
    Balance Sheet Profit/Loss
    Select the group equity account for profit for the period.
    Schedule Detail for Balance Sheet Profit/Loss
    Specify the ID of the schedule detail for the transfer profit for the period to the balance sheet.
    Deferred Tax-Assets
    Select the group account for balance sheet deferred assets.
    Deferred Tax-Liabilities
    Select the group account for balance sheet deferred tax liabilities.
    Currency Translation Differences
    Select the group account for system generated currency translation adjustments.
    Rounding Differences
    Select the balance sheet group account for rounding differences.
  3. Click Save.