Account balances, journal entry types, and reports in a consolidated client
The following balance types are available throughout the application in a consolidated master client.
- Beginning Balance
- Total
- Final
- Tax
- Potential
note
The Total and Final balances in a consolidated master client are the same as an Adjusted and Unadjusted balance in a regular client. Total balances can be adjusted within the master consolidated client by adding an eliminating journal entry.
The following journal entry types are available in a consolidated master client.
- Eliminating
- Tax
- Potential
The following Consolidated reports are available to display these balances:
- Consolidated Account Groupings
- Lists account numbers and balances for GL accounts and groups them together by account grouping code and subcode.
- Consolidated Adjusting Journal Entries
- Lists adjusting journal entries for the date or range of dates specified. The report optionally includes sections for eliminating, tax adjustment, potential, and/or tax code journal entries.
- Consolidated Subsidiary Trial Balance
- Displays balance information with a column for each subsidiary (segment code).
- Consolidated Trial Balance (Condensed or Detailed)
- Lists balances for a selected basis type for each GL account. The detailed version of the report breaks the information into each posting period.
- Consolidated Trial Balance Worksheet
- Lists account balances and corresponding adjusting entries for a selected basis type.
