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cats:procedures:accounting:glfinancialsreports [2015/11/13 19:51] – [Trial Balance] amanda | cats:procedures:accounting:glfinancialsreports [2019/04/04 15:39] (current) – [G/L Statement] jen | ||
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=====G/L, Financials Reports===== | =====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. | 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. | ||
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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: | 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: | ||
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* Condense G/L - No (unless you want to condense divisions/ | * Condense G/L - No (unless you want to condense divisions/ | ||
- | A unique feature of this report is the **Offsetting | + | A unique feature of this report is the **Offsetting |
Here is a sample G/L statement: | Here is a sample G/L statement: | ||
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+ | This report is showing all G/L Entries for one month. | ||
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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. | Below is a sample Balance Sheet. | ||
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