What's new in Customer Journeys?

Connect and learn more! ×
Combine Total Liabilities & Equity — Cloud Customer Connect
You're almost there! Please answer a few more questions for access to the Applications content. Complete registration
Interested in joining? Complete your registration by providing Areas of Interest here. Register

Combine Total Liabilities & Equity

Received Response
57
Views
1
Comments
edited Jan 10, 2020 3:58PM in Financial Consolidation and Close 1 comment

Summary

Using Basic Balance Sheet hierarchy - grouping Liabilities and Equity

Content

Hello,

Has anyone grouped 'FCCS_Total Liabilities' and 'FCCS_Total Equity' to get 'Total Liab and Equity' using the new Basic Balance Sheet hierarchy?  I created a parent to group them but the sign of the data was negative (reporting signs) but the value is correct.  In creating the parent and avoid data validation errors, I had to pick account type 'Asset' because the parent 'FCCS_Total Balance Sheet' is account type 'Asset' and the aggregation of 'FCCS_Total Liabilities' and 'FCCS_Total Equity' is fixed and cannot be changed.    I ended up creating an alternate hierarchy and wondering if anyone was able to create the grouping to

Howdy, Stranger!

Log In

To view full details, sign in.

Register

Don't have an account? Click here to get started!