General Ledger Reports
The general ledger reports help you present and monitor financial information. Some reports, such as the Balance Sheet, are standard financial reports. Other reports help you manage your company's finances. For example, the Profit Planning Monitor compares actual performance to corporate budgets.
Settings that Affect General Ledger Reports
You can only generate the cash-basis version of these reports if you select the Cash Basis Reporting option on the General Ledger Options form ( ).
The Organization Record Access setting for your role on the Overview tab of the Roles form ( ) determines the organizations for which you can see data on these reports.Account Groups
You can use account groups to organize accounts on financial reports. You establish account groups on the General tab of the Accounts form (
).You can make financial reporting more flexible if you set up a second level in your account group structure. If you create both summary account groups and detail account groups, you can generate both summarized versions and detailed versions of financial reports.
Drill Down for General Ledger Reports
The Options tab for the Account Analysis and Trial Balance reports contains a Drill Down section. Use this section to specify the report values from which you can drill down when you view reports in the Preview window.
Values on which you can drill down appear as underlined links in the Preview window. Click an underlined value to display more detailed information related to that value.
Multiple Companies
If you use multiple companies, you can generate consolidated versions of some General Ledger reports. The consolidated reports combine data from multiple companies in your enterprise.
A general ledger report that contains information from multiple companies displays the following text in the report footer:
*** This report contains data from multiple companies ***
- Related Topics:
- Account Analysis Report
Use the Account Analysis report to get a detailed view of all general ledger activity for the reporting period. - Balance Sheet Report
The Balance Sheet displays the distribution of your firm’s assets, liabilities, and net worth as of the current date. - Diary Report
Diaries make it possible to keep a sequential log of general ledger entries in their database. If the active company is set up to assign transactions to diaries, use the Diary report to review general ledger transactions by diary. - Income Statement
The Income Statement provides a detailed statement of your revenue and expense account balances for the current period and year to date. The report also displays the current period and year-to-date operating profit or loss amounts. - Profit Planning Monitor Report
Use the Profit Planning Monitor to monitor performance against budgets. For each revenue and expense account, the report displays the budgeted and actual amounts for the current period and year to date. - Trial Balance Report
Use the Trial Balance report to verify that your debits equal your credits for the period.