The Financial Reports Setup is used for the Balance Sheet and Income and Expense Statement. 

Financial Reports are organized according to your Chart of Accounts. The more organized your Chart of Accounts, the easier your Financial Statements will be to follow.

The Corporate Name is the name that will print on the Financial Reports when you request ALL Locations. The specific Location name will be printed when that location is requested.

You can choose to have the page break on your Balance Sheet after a particular account total. (For example:  page break after Asset totals.)  The page break will occur after the TOTAL for the account listed. The Account Number must be a Header account.

You can choose to have the page break on your Income & Expense Statement after a particular account total. (For example:  page break after Operating Expense totals.)  The page break will occur after the TOTAL for the account listed. The Account Number must be a Header Account Number.

The Income & Expense Statement will automatically total after a Header account listed here. You will get a Grand Total of Net Income at the bottom of the report. You may request subtotals to the Net Income for more detailed information.

Example:  Gross Profit on Sales is the difference between Income and Cost of Sales. Choose the Header Account Number for Cost of Sales and the system will automatically give a total of the accounts above.

All Revenue accounts are added and all Expense accounts are subtracted. You may have multiple subtotal accounts, based on the criteria you set. It is important that your Chart of Accounts is set up in a logical order for this to work properly.

The Income and Expense Account Number to subtotal on must be a Header account.

The title that you give the subtotal accounts (example: Gross Profit on Sales) is printed on the Income & Expense Statement.

The Revenue account is the Total Income Header account that is used for calculating ratios on the Income & Expense Statement.

You can link certain Expense Accounts to specific Revenue Accounts different from the general Revenue Account listed. If not listed, the ratios will be calculated from the general Revenue Account.

You can suppress printing zero balance accounts on the Balance Sheet and Income & Expense Statement. This will suppress the detail accounts. All Total accounts will automatically be listed.

You can also suppress the printing of dollar signs ($) on the Balance Sheet and Income & Expense reports.

Summarize Interlocation Header Acct - Enter the Interlocation Header to summarize even if Printing a Balance Sheet in Detail.

This will only affect the Balance Sheet (8.3.3). The only valid entry for "Summarize Interloaction Header" is a header account that should be a header account only for Interlocation Allocation accounts. This will have the affect of printing the Interlocation Allocation Header account only on the Balance Sheet, even if you decide to print the report in detail. If there are many Interlocation Accounts then this cleans up the report to not print Interlocation detail.