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Overview
The Financial Statements applet allows you to run reports that have been created using the Financial Statement Designer. More on the Financial Statement Designer
Key Concepts
| • | These designs are based on the Chart of Accounts established by Quick Start. Even if Quick Start was not run, the samples may be installed by following the steps below. |
| • | To install them, follow these steps: |
| o | Step 2 - In the query box, type fssample_sav. |
| o | Step 3 - Click on the Run Query button. In a few seconds the message Query Execution Complete will appear in the upper right corner of the SQL Query screen. Once that is done, the above Financial Statements will appear in the drop-down. |
Report Descriptions
| • | Classified Income & Expense - The Income Statement is also called a Profit and Loss Statement (P&L). The purpose of the Classified Income & Expense Statement is to show managers and investors whether the company made or lost money during the reported period in a summarized format. |
| • | Itemized Income & Expense - The Income Statement is also called a Profit and Loss Statement (P&L). The purpose of the Classified Income & Expense Statement is to show managers and investors whether the company made or lost money during the reported period in an itemized format. |
| • | Classified Balance Sheet - The Balance Sheet is the summary of a company’s financial condition at a specific point in time. A balance sheet, or statement of financial position, is a summary of a person’s or organization’s balances. Assets, liabilities, and ownership equity appear as of a specific date, such as the end of its financial year. A balance sheet is often described as a snapshot of a company’s financial condition. |
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