Verify Accounts

You can use this function to print four different reports showing any errors that exist in the account structure:

• Verify Report - displays a report on how all main accounts of type A, L, E, I and C are defined, and if the account definitions comply with the settings in the general configuration. Any accounts of type A which do not add up to the Account for Total Assets are reported separately as well as all accounts of type L and E which do not add up to the Account for Total Liabilities and Equity. Enter the account codes for the two summation accounts in the text boxes. The report also displays the settings for accounts I and C as well as the settings in the general configuration. The report includes six columns:
  • Account Type
  • Summation Sign
  • Summation Sign (Sign Change)
  • Configuration Sign - shows choice of sign in the general configuration
  • Class Sign - displays the opposite sign to the one defined for income in the general configuration for accounts of type C. For other account types the sign is displayed as in the general configuration.
  • OK - confirms that the account is properly connected
• Coding of Reconciliation Between Accounts - displays a report of the accounts used for reconciliation between accounts in the account structure.
• Coding of Opening Balance/Closing Balance - displays a report of the accounts for opening and closing balances in the account structure.
• Check Account Structure - displays a report on any errors in the account structure, for example, incorrect level for the extended dimension.