General Ledger Reports
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      3. General Ledger Reports

      Alternative Year End Balance Sheet

      Run a Balance Sheet report for a different Accounting Year to your default Accounting Year

      Use Case:

      Let’s say you are an Australian Company with a Financial Year that runs July to June. But maybe you have an office in a market such as the US where the Financial/Accounting Year runs January to December.

      This feature allows you for example to run a Balance Sheet for the year ended December 2017 – even though your AccountAbility database is configured with a July to June Accounting Year.

      Steps: 

      Starting from the navigation screen

      1.     Navigate to ACCOUNTiING > General Ledger > General Ledger Reports

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      2.     Select Balance Sheet Reports

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      3.     Select Balance Sheet Report

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      4.     Select the Accounting Year and Accounting Month 

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      5.    Select ALTERNATIVE ACCOUNTING YEAR END?

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      Users can select any month – the system will calculate the balance sheet as if that was the last month of the accounting year.

      Users can run a P&L across multiple Accounting Years – that has always been available under Accounting > General Ledger > General Ledger Reports >  Profit And Loss Statements > Monthly Profit and Loss Report. Select any range of 12 months for the report even if that spans across two Accounting Years.