Statement of Financial Position Interface
The Statement of Financial Position provides a snapshot of an organisation’s financial position on a specific date.
Navigation Example: Main Menu > Accounting > Financial Reporting > Menu (button) > Statement of Financial Position
Buttons Explained
| Button | Description |
|---|---|
| + – | Expands the view to display all the subaccounts or contracts the view to only show the main accounts. |
| View | Generates a list of entries as per the selected data filters. |
| Arrow on View Button | Reset Data Filter > Resets all the data filters. |
| Output | Prints, previews, or exports the selected report if Output Templates are added. Provides for list reports to be exported in .xlsx format in List Views. |
| Menu | Views – Dashboard – Statement of Profit/Loss – Statement of Financial Position – Trial Balance Settings – User Access – Edit Accounting (VAT Types, Currencies, Credit Terms, Accounts) Layout |
Filters Explained
| Filter | Description |
|---|---|
| Set | Allows users to select a date from the dropdown list (e.g. No Date, Today, This year). |
| Arrows | Adjusts the Date in the direction of the arrow. |
| Date … to … | Allows users to set their own Dates (based on the selection under Set). |
| Entity | A dropdown list of Entities to select All or a specific Entity. |
| Show All | A checkbox. If checked all the accounts are displayed including those with zero balances. |
Fields Explained
| Field | Description |
|---|---|
| Field Chooser (*) | Allows users to add or remove columns. |
| ID | The system-generated number for the entry. |
| Account | The name of the Account. |
| Code | The Account Number or Code. |
| Debit | The total of transactions that were Debited to the account in the selected period. |
| ParentID | The system-generated number for the account’s parent. If the ID column is displayed, this number matches the subtotal in which it is included. |
| Credit | The total of transactions that were Credited to the account in the selected period. |
| Total | The total movement for the selected period: – Assets: The value represents the debits less credits. If the credits exceed the debits the number will be negative. – Liabilities: The value represents the credits less debits. If the debits exceed the credits the number will be negative. – Equity: The value represents the credits less debits. If the debits exceed the credits the number will be negative. |
| Widget | A submenu, which can also be accessed by right clicking the entry, with the following function: – Open Detailed Ledger: Opens the ledger account. |
