It is time to configure the structure of your financial statements. This is done in Setup > Structure. We have already preloaded a standard structure to get started.
You can update this to your liking by (1) adding new classes by the Add class button top right or (2) reposition, (3) add or (4) delete existing classes by using the buttons on the class itself.
You can introduce formulas through the Add formula button top right and create basic calculations referring to other classes from the financial statements or KPIs.
Some classes, such as Result (PL), Current Year Earnings (BS) and Retained Earnings (BS) are reserved by the system. It is not possible to update these, apart from renaming them.
💡 In the Structure overview, you can create multiple structures with different levels of detail. Use this for example for separate business units or annual reports.
Now we have configured the structure of our reports, we are ready to start mapping the underlying GLAs to the right classes. This is done through Setup > Mapping.
The mapping is done by selecting one or more GLAs on the left hand side (or use Shift), selecting a class on the right hand side and subsequentially pressing Confirm.
The goal here is to make sure all GLAs are mapped, as this will result in a Zero balance sheet. Use the search functionality to navigate quickly through the remaining accounts. Use the filter top right to focus on a specific mapping or All (by default this is on Unmapped). A red indicator will be shown if there are still unmapped GLAs.
💡 Make sure to complete the mapping for the Profit & Loss statement and Balance Sheet first. The Cashflow statement is mapped by references to those statements (indirect method). Find more details here.
👉 Now you are ready for the final step (4/4): Eliminations
