Embedded Files
Overview
Overview
A Statement of Financial Position, commonly known as a Balance Sheet, is a financial report that provides a snapshot of an organisation's financial standing at a specific point in time. It summarises an organisation's assets, liabilities, and equity and illustrates how resources are allocated and financed within the organisation.
The structure of the Statement of Financial Position is based on the accounting equation: Assets = Liabilities + Equity.
These tutorials explain how to view the Statement of Financial Position and use the context menu functions.
Navigation Example: Main Menu > Accounting > Financial Statements > Menu (button) > Statement of Financial Position
Table of Contents
How to Display the Statement of Financial Position
How to Display the Statement of Financial Position
Navigate to the Financial Statements.
Click Menu (button) > Statement of Financial Position.
Select a date.
Click View (button).
Click Menu (button) > Column Auto Width (it should be checked).
How to Change the Dates
How to Change the Dates
Navigate to the Financial Statements.
Click Menu (button) > Statement of Financial Position.
Set = Select an option from the dropdown list (e.g. Fin Year or Fin Year (months).
Click View (button).
Note: The Balance displayed top right should always be zero. If it is not zero, there is a problem with your data that should be investigated.
How to Show or Hide the Decimal Values
How to Show or Hide the Decimal Values
Display a Statement of Financial Position.
Click Menu (button) > Hide Decimal Values.
How to Open an Account in the Ledger
How to Open an Account in the Ledger
Display a Statement of Financial Position.
Double-click any Account to open the account in the Ledger.
Note: This feature only works with accounts that are displayed in normal font. If you click totals or subtotals it collapses or expands the view.
How to View All the Accounts
How to View All the Accounts
Display a Statement of Financial Position.
Check the checkbox next to Show All Accounts to include all the accounts even those with zero balances.
Click View (button).
How to Add Notes
How to Add Notes
ℹ️ Notes can only be viewed on the Dashboard.
Display a Statement of Financial Position.
Right-click an entry and select Add Financial Statement Notes from the context menu.
Edit the Account or Period if necessary (the fields default to the period selected, and account clicked).
Type a note in the block provided.
Click Close (button).
How to View a Percentage Change
How to View a Percentage Change
ℹ️ This feature allows you to view percentage changes from one period to the next.
Display a Statement of Financial Position.
Click the arrow on the % block and select Change from the dropdown list to display the percentage changes from one month to the next.
Note: The other options are not applicable to the Statement of Financial Position unless you created a budget for it.
Select View (button).
How to Output the Statement of Financial Position
How to Output the Statement of Financial Position
Display a Statement of Financial Position.
Click Output (button) and hover over the output option from Preview, Print, or Email, then click the applicable Output Template (e.g. Statement of Financial Position or Financial Statements).
Related Topics
Related Topics
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