This is an excerpt from my new training manual Creating Reports in Management Reporter I—How to Create 4 Foundation Reports. Be careful when rounding a balance sheet!
Background—earlier in this chapter, I had rounded a balance sheet to whole dollars (in the report definition on the Settings tab). As you know, that often throws the balance sheet out of balance by a dollar or two. Fixing that is what Lesson 6 is about. Here’s the excerpt:
Chapter 3 Lesson 6 Rounding Adjustments on a Balance Sheet
Rounding to whole dollars will often throw the balance sheet off by a dollar. Here’s how to create a rounding adjustment—and what to watch out for.
From the BS report definition, open the row definition:
1. Click the Open Row Definition icon—this will open the row that’s used by the BS report definition [click to continue…]
{ 1 comment }