First Time Setup

When you first start using Financials for a client, you will need to set up the client file to customize it for the client and the engagement.

Entity Information

In Financials, you use the Entity Information tab to define the key default information for the financial statements. This includes the type of engagement and the key reporting information.

Global Setup

The Global Setup tab in the tab allows you to define default financial statement settings. These can be changed in the individual statements. If a change is made at the statement level, it will be reflected in the Global Setup tab and vice versa. The expected workflow in a new client file, or first-time implementation of Financials, is to complete the Entity Information tab and then move to the Global Setup tab.

Statement Setup

The Statement Setup tab enables you to set up options specific to each financial statement area and override various global statement and template settings.