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For Eg: 1. Balance Sheet
Second step is you can Map the reporting codes in each account by giving an Acronym after group or Subgroup.
For Example: Equity is a group for Founder’s/Promoter’s Capital (FCE) and Investor’s Capital (ICE)are the subgroups.
As you can see in both the Subgroups we have given reporting codes which are already mapped in respective accounts.
To create report follow this path: – All -> Setup -> Financial -> FDE
Now in Lines you have to title the group and specify the respective subgroups under it.
This will link all the accounts which come under the Subgroups and goes in one group. As you see in the above screenshot you can use the same formula.
Eg: Equity Balance = Founder’s/Promoter’s Capital (FCE) + Investor’s Capital (ICE)
How we can derive the formula?