Alternative Year End Balance Sheet

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

2. Select Balance Sheet Reports

3. Select Balance Sheet Report

4. Select the Accounting Year and Accounting Month

5. Select ALTERNATIVE ACCOUNTING YEAR END?

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.

Alternative Year End Balance Sheet

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

Use Case:

Steps: