In financial reporting, by default, accounts are grouped into sections according to their nature and number.
Revenues & Expenses on the Statement of earnings
Assets, Liabilities & Equity on the Balance Sheet
It is possible to group accounts in sections in order to position them by displaying their balance on the left and the group sum (subtotal) on the right.
In fact, in the management of JurisÉvolution classifications, the user can modify the items proposed by default and create new ones to better meet the needs of the firm.
Example with Statement of earnings
The user wishes to have taxable and non-taxable disbursements and fees displayed separately.
Steps
1 - Create the relevant classification items as required - This is what will generate the right-hand subtotals in the financial report.
Admin tab / Classifications / Account group
🚩 It is only possible to use two levels of items in the classification.
2 - Association of classifications to the accounts of the chart of accounts concerned by the drop-down menu displaying the items.
Finances Tab / Accounting Section / General Ledger Accounts
3 - Result
Each second level item used becomes the confirmation of the grouping of the associated general ledger accounts. The sub-total of the grouping is the name of the classification item.
