18 February 2015 installment of the Monthly Webinar Series. An in-depth webinar that shows how to use the advanced reporting capabilities in Denali. The video ends with a Q&A period from the attendees.
Questions & Answers from the Webinar
- Why do you see “Profit & Loss Summary Total” so many times instead of the sub group heading?
The “Profit & Loss Summary” is the name of the Advanced GL Report (Revenue, Expense) group that was created for the webinar demo. You will see this listed under each classification heading as set up in the Account Maintenance Group 1 setting for accounts that are a part of this Advanced GL Report group. The dollar amount is the total for all accounts in the Profit & Loss Summary group for that classification only.
- Where are the “Retained Earnings” on the Balance Sheet?
Retained Earnings are part of the main Advanced GL Report group that was used to run this report. If you select the box to “Print Group Totals Only” when setting up the Advanced GL Report group, the Retained Earnings will not show separately, but just be included in the total amount for the sub group that it is in.
- So is the Balance Sheet Summary -total line the beginning retained earnings then?
The “Balance Sheet Summary” is the name of the Advanced GL Report (Asset, Liability, Equity) group that was created for the webinar demo, not the beginning retained earnings balance. The total line is just the total for this Advanced GL Report group.