In Portugal, all businesses need to draw up a two digits account balance (Balancete a Dois Dígitos) to compare their general ledger account balances. This balance sheet is part of the end-of-year closing.

You can use the report ion Totals and Balances to create your two digits account balance, in accordance with Portuguese legislation. It summarizes the general ledger, whereby debit amounts should equal credit amounts, and both debits and credits should correspond to the general ledger figures. If the report highlights any discrepancies between the debit and credit amounts, you know that an error has occurred and that you should check the corresponding postings.

In general, companies run the report on a monthly basis for internal purposes, but it is also possible to run it according to your own requirements.

• G/L account selection
• Enter the relevant general ledger accounts and company codes.
• Accounting transaction selection
• If required, enter a business area and currency type.

• Report selections

• Enter financial statement version BSPT Financial statement (Portugal) in the field FIS annual rep. struc.
• Enter the fiscal year and period concerned.

• Parameters for special evaluations

• You can select this parameter to display the alternative account number, which is stored in the account master data.

According to the data you enter, the report displays the account balances per month and the accumulated balance for the specified period of time.

If you are generating a drilldown report, the system generates detailed information for each item listed.