You are here: All Help Topics > Accounting and Assurance > Working Trial Balance > Formatting Financial Statements
-- More Info --
Formatting Financial Statements
To format your automated financial statements, it depends on whether the document is based on the client's chart of accounts or the firm’s mapping database.
- If it is based on the client's chart of accounts, the report will need to be formatted in the Working Trial Balance| Report tab.
- If it is based on the firm's mapping database, the report will need to be formatted in the Engagement | Mapping | Report tab.
We recommend using Engagement | Mapping | Report tab for the following two reasons:
-
The same financial statements can be used in other client files regardless of the chart of accounts being used as long as accounts are assigned to the same mapping structure. Both the mapping structure and financial statements can be copied from file to file.
-
In a consolidated file, individual financial statements do not need to be created for each entity and division as long as the various charts of accounts are assigned to one map number.
