Description
Enhanced Reporting is an upgraded reporting module labeled under the "Reports" tab from the left panel menu. See the video and full benefits below for the enhancements this module brings.
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.
If transitioning to Enhanced Reporting from ReportsV1, review the Process to adopt Enhanced Reporting knowledge base article -->
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)