Description

Enhanced Reporting needs to be toggled ON to your tenant if you only see a "ReportsV1" tab in the left panel menu. Reach out to support@softledger.com to enable this.

Check out the Enhanced Reporting Overview article with information on specific Report Types -->

Benefits for all customers

• Consolidated and Unconsolidated view of Balance Sheet, Income Statement, and Trial Balance at all Location levels of your structure.
• Out of the box financials - a default Balance Sheet and Income Statement where B/S always balances and the I/S includes all Revenue and Expense Type Ledger Accounts
• Hide zero accounts - toggle off any balances that are zero in the Trial Balance and General Ledger reports to eliminate the noise when viewing reports
• Journal Lines will show values in both the posted and reporting currency, all in the same row for easy exchange rate understanding
• Debit and Credit values included in the Trial Balance
• Comparison reports with side by side balances per selected months, quarters, years in the same financial statement layout
• Save views of all reports, where the saved view can account for column visibility, column order, sort, field filters, location and date context selection, table rows, and more.
• Drill into Journal Lines from balances displayed in the Trial Balance for easier review.
• Review a specific report that breaks out posted currency balances per Ledger Account in a Trial Balance format.
• A Ledger Account Review report to display all Journal Lines from transactions where a specific Ledger Account was included (all debit and credit values).
• An in depth report for displaying balances for Ledger Accounts against Dimensions (e.g. Cost Center, Customers, etc) with pivot table style customization.
• When remeasuring a ledger account, no need to set that Ledger Account at Global level to be able to book currency translation difference entries, making it so you can have greater control in place with the Ledger Account/Location setting.
• Table Enhancement (on Journal Lines table to start)
  • 1,000 rows per table
  • Frozen headers, pin headers to right/left, drag and drop order of headers
  • Easy filter/sort/hide from column header
  • Save views of Journal Lines across columns visible/order/filters in place/number of rows

Additional Benefits for customers with multiple reporting currencies

• Consolidation Rates
  • Set period ending Consolidation Rates for how ending balances in a subsidiary entity's reporting currency translate to a parent entity's reporting currency
  • A Ledger Account in a subsidiary entity with a balance of 0 displays as 0 in consolidated reporting views in the parent entity.
  • Translate using the appropriate rate per Ledger Account Type(Spot Rate, Weighted Average Rate, Historical Rate)
  • Learn more about Consolidation Rates here -->
• Currency Translation Difference
  • For consolidated financial statements to include the impact of foreign currency translation differences, the system calculates the CTD and includes in consolidated reports where appropriate.
  • Learn more about Currency Translation Difference here -->