Print Financial Statements
Use this screen to generate financial statements. You can print balance sheets, income statements, and statements of cash flows.
When you set up financial statements on the Manage Financial Statements screen, you specify contents and descriptions for each report line.
In addition to the general ledger account balances for any period in the selected fiscal year, the financial statements can display prior period balances, balances for the same period or periods in the prior year, or comparative budget data.
You can print financial statements at any time. We recommend that you generate preliminary versions of the financial statements early in the closing process to identify potential adjustments. After post all journals, calculate indirect rates, and compute and post revenue, generate the financial statements for distribution to management.
You must create G/L report tables before you run financial statements with comparison columns. Therefore, if you want to select comparison columns, you must run the Create General Ledger Report Tables process before printing your financial statements.
Before you generate a statement of cash flows, completely reconcile the bank accounts and all other balance sheet and income statement items. The statement of cash flows should be one of the last reports run when you are closing a period.
- Related Topics:
- Display the Print Financial Statements Screen
You access the Print Financial Statements screen from the Accounting domain. - Contents of the Print Financial Statements Screen
Use the fields and options to configure the Print Financial Statements screen. - Table Information for the Print Financial Statements Screen
The information on financial statements comes from the several tables.