Account Balances 

An account balance shows the:

·        Opening balance (carry forward balance from the previous year)

·        Total of all transactions per posting period, broken down into debits and credits (transaction figures)

Using these figures the system also calculates the:

·        Balance per posting period

·        Accumulated account balance

In addition to the above balances, the system displays the gross sales/purchases per period for each account. The balances from special G/L account transactions are also included in an account balance. These include bills of exchange and down payments. 

While displaying account balances, you can view document amounts posted in foreign currency in the respective local currency. You can also choose between:

·        Account balances of both the items that are part of sales or purchases and the items that are not part of sales or purchases

·        Account balances of only items that are part of sales or purchases

·        Account balances of special G/L transactions