Balance Sheet

This section describes the fields and descriptions on the Balance Sheet report.

The Balance Sheet report displays the financial balances of all balance sheet accounts, summarized for the selected fiscal periods.

The report has the following tabs:

• One tab compares the periodic amounts to the year-to-date amounts.
• One tab compares the periodic amounts to the amounts from the corresponding fiscal periods for another year.

The year-end closing account displays the total retained earnings. This amount is based on the year-end closing amount from the previous year plus the total amount of current-year earnings (profit and loss) for the selected fiscal periods.

Your specified reporting structure determines the format of account headers and subtotals on the report. You can display amounts in account, company, or enterprise currency or using a selected reporting currency. Amounts are grouped by currency and company.

• The Movement columns link to the Finance Transactions report.
• The Account column links to the Accounts workspace. The link is based on the account number (for example, 10010).
• The Company title links to the Companies workspace.

The report corresponds to the Print dialog box’s Print Balance Sheet and Print Balance Overview options using the Balance Sheet layout, with one exception—the report does not round off currencies according to rounding rules specified in the application.

Note: The year-period restrictions provided in the report vary according to fiscal periods. If you are working with odd fiscal years, these restrictions are different from the year-month restrictions applied in the corresponding Maconomy client report because that report works in calendar months.

Report Fields and Descriptions

Column	Description
Account	This column displays the account number and name, as well as headers and corresponding subtotal labels that outline the account structure.
Period, Opening	This column displays the opening balance of each account for the selected opening period.
Period, Movement	This column displays the total amount posted to each account for the selected periods.
Period, Closing	This column displays the closing balance of each account for the selected closing period.
YTD, Opening	This column displays the opening balance of each account at the beginning of the current year.
YTD, Movement	This column displays the total amount posted to each account for the year-to-date range. The year-to-date range includes the fiscal periods from the beginning of the current year to the current fiscal period.
YTD, Closing	This column displays the year-to-date closing balance of each account for the current fiscal period.