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--- cats:procedures:accounting:glfinancialsreports [2015/09/14 19:10] – amanda
+++ cats:procedures:accounting:glfinancialsreports [2019/04/04 15:39] (current) – [G/L Statement] jen
@@ Line 1: / Line 1: @@
 =====G/L, Financials Reports=====
 The G/L, Financials reports section is used to see an overview of the state of the general ledger, along with a detailed G/L statement.
+{{entry>0;General Ledger/Financial Reports;-}}
 Set up your reports, including names of groups and what sign (negative or positive) each group should display on the report. The specifics of which groups of G/L accounts each of these reports includes is dictated by you and [[cats:procedures:accounting:chartofaccounts|set up from the G/L scan]] using the **Tools > File > Chart** options.
@@ Line 16: / Line 16: @@
   * Current/Opn Bal - Only include accounts with a Current or Opening Balance for the fiscal year.
   * MM/DD/YYYY (One Accounting Period) - Only show accounts with activity or balance for that period.
-  *
 The **Condense G/L  - Yes** filter option is useful if you are using Divisions and Departments and want to see all of the same G/L number together, instead of listed as a separate line item by division/department.
@@ Line 47: / Line 47: @@
 ====G/L Statement====
 All details of transactions that involve the general ledger can be viewed using G/L statement reports. Here you can see individual transactions that were posted to the general ledger.
 Important filters and their usual settings include:
-File - Current Period
+  * File - Current Period
-G/L Accts Bal/Act - Current/Opn Bal
+  * G/L Accts Bal/Act - Current/Opn Bal
-G/L Acct Range - Select or All
+  * G/L Acct Range - Select or All
-Date Range - All or Select
+  * Date Range - All or Select
-Condense G/L - No (unless you want to condense divisions/departments into one G/L account
+  * Condense G/L - No (unless you want to condense divisions/departments into one G/L account).
+A unique feature of this report is the **Offsetting G/L#** filter, which allows you to search for one G/L in the account range and expand the results by the second offsetting G/L in the Offsetting G/L filter. So if you put in **G/L Acct Range - Select** for 11000-11000, and an **Offsetting G/L#** range of 77000-77000, you would see all transactions that hit 11000 along with the opposite sides going to 77000.
-A unique feature of this report is the Offsetting GL# filter, which allows you to search for one G/L in the account range and expand the results by the second offsetting G/L in the Offsetting GL filter. So if you put in G/L Acct Range - Select for 11000-11000, and an Offsetting GL# range of 77000-77000, you would see all transactions that hit 11000 along with the opposite sides going to 77000.
 Here is a sample G/L statement:
+[{{:cats:procedures:accounting:accountingreports_glstatementportionsample.png|Sample GL Statement}}]
+This report is showing all G/L Entries for one month.
 ====Balance Sheet====
-The Balance Sheet typically includes all G/L accounts found under the Assets and Liabilities categories, and is offset on the report by the Retained Earnings G/L account. This report uses the same filters as the Income Statement, such as the G/L Accts Bal/Act filter.
+The Balance Sheet typically includes all G/L accounts found under the **Assets** and **Liabilities** categories, and is offset on the report by the **Retained Earnings** G/L account. This report uses the same filters as the Income Statement, such as the **G/L Accts Bal/Act** filter.
+You can compare the balance sheet numbers to the balance sheet portion of the Trial Balance report.
 Below is a sample Balance Sheet.
+[{{:cats:procedures:accounting:accountingreports_balancesheetsample.png|A Sample Balance Sheet}}]
+{{tag>"trial balance" "balance sheet"}}