Tax return & Annual report
Balance accounts
Balance accounts lists all the balance accounts that have transactions recorded on them up to and including the period that you are currently working with.
The columns that are shown differ depending on the size of the screen that you are working on. On a smaller screen, only the most important columns are shown.
Expand the level of detail in Balance accounts
You can expand the level of detail in Balance accounts by drilling down to the journal entries recorded on the accounts.
Amounts that are available for drill-down are underlined and will change their colour to blue when you hover over them in the overview. Click on an amount available for drill-down to open a dialogue named Account analysis, which displays all the journal entries attached to that specific account.
The account analysis opens in a separate browser window, allowing you to have multiple accounts open at the same time without disrupting your work. You can move the window around, even to a second screen. Keep in mind that when you close the tab, all windows opened from there are also closed.
In Account analysis, the opening balance for the selected account and period is shown above the journal entry list, while the closing balance for the selected account and period is displayed at the bottom of the list.
The journal entry list contains entry date and number, along with the current change, the closing balance after each journal entry and a transaction text.
From within Account analysis, it is possible to select a different account in the account selector in the top left. You can also adjust the period displayed in the period selector in the top right.
Click on the arrow next to a journal entry in the list to expand it and display a more detailed view of that particular entry. This view contains the debit and credit accounts, the booked amounts and the transaction text.
View attachments in the account analysis
To view an attachment to a journal entry in the account analysis, click on the paper clip icon in the Attachments column. Choose which document you want to preview in the dialogue box that opens.
In the preview window, you can download the attached document by clicking on the Download button.
Field explanations
Intangible assets
Intangible assets are assets that are not physical, i.e. goodwill or patents.
Tangible assets
These are physical assets such as buildings, machines and inventories.
Financial assets
Financial assets are for example valuable securities or bonds that you intend to keep.
Stock
In the stock, raw materials, products under production and products ready to sell are included. Ongoing service engagements are also part of the stock.
Current receivables
Receivables, due for payment within a year after year-end closing. One example of current receivable is accounts receivable - trade.
Investments in securities etc.
Here, investments that are to be sold within a year after year-end closing are declared. An example is shareholding.
Cash and bank balances
Here, funds on the bank accounts at the time for year-end closing are declared.
Equity
In a limited company, restricted and non-restricted equity are separated. The restricted equity is the part that cannot be used to distribute profits, such as share capital.
The non-restricted equity is the total of the profit or loss for the latest financial year plus any capital contributions from the owners.
Untaxed reserves
Here, any untaxed reserves that have been bookkept are declared. In a limited company, tax allocation reserves, replacement reserves and additional- and underdepreciations are declared.
Provisions
A provision could have been made because of a dispute with a vendor, when the whole debt hasn't been paid. It can also be provisions for pension and warranties.
Non-current liabilities
Here are debts that are due for payment later than a year from the year-end closing. Examples of this can be credits and other long-term loans.
Current liabilities
Debts that are due within a year from the year-end closing. Examples are accounts payable - trade, tax liabilities and VAT.