2942625 - Different Type Codes for Balance Sheet and Income Statement Report

You are creating a balance sheet and income statement via Statutory Reports and would like to understand the difference between the following type codes:

• Cumulative balance sheet, changes for income statement
• Compare opening balance sheet, changes for income statement

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1. Go to General Ledger work center.
2. Go to Statutory Reports view.
3. Click Balance Sheet and Income Statement.
4. Click New -> Blank Report Run.

Under Type Code field, you have a few options, out of which you would like more details on Cumulative balance sheet, changes for income statement and Compare opening balance sheet, changes for income statement.

The following are the differences between the mentioned type codes:

• Cumulative balance sheet, changes for income statement: It calculates the balance sheet amount from starting of the year to the mentioned period. The income statement will be calculated for the period mentioned. 

• Compare opening balance sheet, changes for income statement: It calculates the balance sheet amount from starting of the year to the mentioned period along with the opening balance(closing balance for previous year) for the GL account with the income statement calculated for the period mentioned.

Balance Sheet, Income Statement, Type Code, Statutory Report. , KBA , SRD-FIN-GLO-REP , GLO - Statutory Reporting , How To