Feature available for all editions of the software.
Before you begin: Please note that permissions to your access profile may be required to perform the following steps. We invite you to validate your access with your software administrator.
In financial reporting, accounts are grouped into sections by default according to their nature and number.
Revenues & Expenses in the Income statement
Assets, Liabilities & Equity in the Balance Sheet
It is possible to group accounts within sections in order to position them by displaying their balance on the left and the group sum (subtotal) on the right.
In fact, when managing the software's classifications, the user can modify the default items and create new ones to better meet the needs of the firm.
Example with the income statement
The user wants taxable and non-taxable disbursements displayed separately.
Step 1: Create the relevant classification items as needed. This will generate the subtotals on the right side of the financial report.
Admin tab / Classifications / Account group
🚩 It is only possible to use two levels of items in the classification.
1 - First level
2 - Second level
Étape 2: Associate classifications with the relevant accounts in the chart of accounts using the drop-down menu displaying the items.
Finances tab / Accounting section / General ledger accounts
Result:
Each second-level item used becomes the confirmation of the grouping of the general ledger accounts associated with it. The subtotal of the grouping is the name of the classification item.
