Producing financial reports
Accountants Enterprise in Australia only
Common reporting details that must be entered or reviewed in the Database Map for most reports is described in this section. The relevant entity is shown as:
C = Company
T = Trust
P = Partnership
S = Superannuation Fund
Reports can be produced for:
DB.#EntityDetails.ClientDetails
Field | Comments | Entity |
---|---|---|
ClientName1 | 1st line of the client’s name. | C, T, P, S |
ClientName2 | 2nd line of the client's name. | C, T, P, S |
ClientName3 | 3rd line of the client's name. | C, T, P, S |
ABNOrACNOrOther | The entity's ABN or ACN or Association Number. | C |
ABNOrOther | The entity's ABN. | T, P, S |
Entity | Company: Company / Association / Dormant Company Partnership: Partnership / Sole Trader Trust: Trust / Unit Trust Superannuation Fund: NA | C, T, P, S |
EntityType | Level of disclosure: Reporting / Non-Reporting | C, T, P, S |
ListedEntity | States whether the Entity is listed. | C |
FirstTimeAdoptionAIFRS | Is it the first time entity has adopted AIFRS? (Including when entity has adopted ”Reporting” status for the first time). | C, T, P, S |
Audited | Are these accounts audited? Setting this to “No“ will print the Compilation Report instead of the Audit Report where applicable. | C, T, P, S |
YearStartDate | Start date of the financial year which the reports are produced for in dd/mm/ccyy format. | C, T, P, S |
YearEndDate | End date of the financial year which the reports are produced for in dd/mm/ccyy format. | C, T, P, S |
EntitySize | Large / Small / None — This contributes to determining the reporting requirements of the entity. (Associations entity = None) | C |
PeriodStartDate | Start date of the financial period which the reports are produced for in dd/mm/ccyy format. | C, T, P, S |
PeriodEndDate | End date of the financial period which the reports are produced for in dd/mm/ccyy format. | C, T, P, S |
StateIncorporation | State / Incorporation (valid only when Entity = “Association“). | C |
DormantCompany | Is this company Dormant? A company is classified as dormant if it has had no significant accounting transactions during a financial year. | C |
CoverPage | Require a cover page? All the financial reports have been designed with a cover page. Set this to “No“ if it is not required. | C, T, P, S |
TrusteeType | Individual / Corporate. This is used to determine the relevant Declaration wording to be printed. | T, S |
RegisteredAddress | Only applicable to Non-Reporting Audit Report. | S |
CoverPageLiabilityLimitationStatement | Option to include the liability limitation statement on the cover page of a report. | C, T, P, S |
TrustDeedDate | This is used to include extra information required by Note 1 for reporting entities. | T |
DB.#EntityDetails.ReportingExtraDetails
Field | Comments | Entity |
---|---|---|
QualifiedOpinion | Is the Audit Report to contain a qualified opinion? This will print the Qualified Opinion section in the Audit Report. | C, T, P |
CashFlowReport | Where a financial report has the option to include the Statement of Cash Flows, setting this to “No“ will exclude it from the financial report. | C, T, P, S |
CashFlowDatabase | If the Statement of Cash Flows is to be printed with the financial report, i.e., CashFlowReport = “Yes“. If set to “No“, the general ledger’s cash account balances will be used. If set to “Yes“, the relevant information must be entered in the Database Map CashFlow folder to ensure all information required for correct production of the Statement of Cash Flows has been completed. | C, T, P, S |
IncomeStatementNatureOrFunction | Nature / Function: Determine whether the Income Statement by Nature or by Function should be produced. The default is set as Income Statement by Nature. | C, T, P |
IncomeStatementDatabase | Setting this to “Yes“ will cause the Income Statement to be produced using data from the Database Map instead of the general ledger. If so, the relevant information must also be entered in the Database Map to ensure all information required for correct production of the Income Statement has been completed. | C, T, P |
ProfitandLossAppropriation | Some Non-Reporting Entities can choose to print the Profit and Loss Appropriation Statement instead of the Income Statement in Management Reports. Set this to “Yes“ if Profit and Loss Appropriation Statement is preferred. | C, T, P |
DetailedProfitAndLossOptions | Include Detailed Profit and Loss Statement? | C, T, P |
AdditionalProfitandLossStatement | This option allows for the selection of different presentation for the Detailed Profit and Loss Statement when DetailedProfitAndLossOptions = “Yes“. Selecting “None“ will use the presentation for standard compliance reports. | C, T, P |
NonReportingTradingP&L | Include Trading P&L — for small non-reporting company. | C |
ForceTradingP&L | Always print Trading P&L statement. | C, T, P |
Detailed Rental Statement | Select presentation for Detailed Rental Statement? — None / Singular / Multiple / Rental per column. | C, T, P, S |
DetailedLivestockStatement | Select presentation for Detailed Livestock Report? — None / Singular / Multiple. | C, T, P |
SupplementaryReport | Select the supplementary report to be included in the financial report. Select “None“ if no report is required. | C, T, P |
DivisionalTradingStatements | Include the Divisional Trading Statements in the financial report — select None / Division per page / Division per column. | C, T, P |
NewReportNameDivisional | Enter another name for Divisional Trading Statements? (Otherwise leave blank). | C, T, P |
ExternalReportAttachment1 | Enter name of extra report to print on the Contents page (e.g., Depreciation Schedule). Otherwise, leave blank. | C, T, P, S |
ExternalReportAttachment2 | Enter name of extra report to print on the Contents page (e.g., BAS Statement). Otherwise, leave blank. | C, T, P, S |
UseStatementOfFinancialPosition | Use the report title ”Statement of Financial Position” instead of Balance Sheet? | S |
UseOperatingStatement | Use the report title ”Operating Statement” instead of Income Statement? | S |
DistributionOfIncome | Select type of ”Distribution of Income” memo to print as minute or resolution. | T |
DB.Settings.Settings
Field | Comments | Entity |
---|---|---|
ShowPageNumber | Show page number reference in the report? This does not apply to the Compilation or Audit Report. | C, T, P, S |
ShowAccountCode | Show account code at the detailed financial statements — only if the report has been designed to optionally show account codes. This does not apply to the Trial Balance. | C, T, P, S |
ShowPageNumberCompAuditReports | Show page numbers in the Compilation and Audit Reports? | C, T, P, S |