Configuring Balance Sheet

Except for the required default reporting structure of the entity and group Balance Sheet reports, you can configure two alternative reporting structures. After you publish the model, you can select the wanted reporting structure in the context panel of the Balance Sheet report.

The default reporting structure is based on the principles of assets and liabilities.

The alternative reporting structure 1 has these sections:

  • Total Assets Less Current Liabilities
  • Total non-current liabilities and equity

The alternative reporting structure 2 has these sections:

  • Total Assets
  • Total Liabilities
  • Equity
  1. Select Modules > Consolidation > Balance Sheet and click Configure.
  2. On the Default Settings tab, specify this information to configure the required default Balance Sheet reporting structure:
    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.
  4. Optionally, to configure an alternative Balance Sheet reporting structure, click the Alternative Settings 1 tab and enable the Alternative Settings 1 switch.
  5. Optionally, in the Name field, specify the name for the alternative reporting structure or leave the default name.
  6. Select appropriate group accounts for each reporting hierarchy element and assign the report sign value and variance for each account.
  7. Click Save.
  8. Optionally, to configure another alternative Balance Sheet reporting structure, click the Alternative Settings 2 tab and enable the Alternative Settings 2 switch.
  9. Perform steps 5-7.