| Article Objective: To assist administrator users to set up a Tier 2 General Purpose Financial Report template at the firm level, as well as users to create a Tier 2 report for a client. Context: Within Active Ledger & Reporting, firms can create a master GPFR template for use when creating GPFR reports for clients. GPFR/Tier 2 reporting is a higher level of reporting and allows for compliance with various accounting standards. Please refer to the Glossary for definitions of key terms used in this article. TABLE OF CONTENTS |
For Administrators
Creating a firm level GPFR/Tier 2 report template
Navigate to the Ledger & Reporting Admin Centre and click Report Masters.
A screen will appear, as below. Click on New from Template and select GPFR Simplified Disclosures.
This will generate a Report Master for a GPFR template which prefills information such as the Master Name, Report Title, Default Reporting Suite, page templates, along with many other elements.
Note: You are able to manually override any of the elements you wish to customise, if required. For more information on this, see the administrator article: Reporting - report masters.
Note: You will note that there will be no option to insert a Directors' Report as a page in the GPFR template as Business Fitness does not have one as standard. If you wish to insert a Directors' Report to the GPFR template, refer to the section below to see how to create and add this.
Creating a Directors' Report to add to the GPFR/Tier 2 report template
If you wish to include a Directors' Report in the GPFR template, you must add this as a page template first. To add a page template (i.e. the Directors' Report), see the administrator article: Reporting - page templates.
Note: When creating a Directors' Report, you are able to insert a list of directors. When adding a page template, scroll to the 'Content' section and hover over the 'Placeholders' option. Select List of Directors. After the template is saved and inserted into the GPFR, when the report is generated, it will automatically prefill a list of the directors names.
Once you have saved the page template, you are able to navigate back to the GPFR template which will now present as an option in the Report Masters screen.
From here, you are able to insert the Directors' Report as a page by scrolling to the 'Pages' section and clicking + Add Page, Directors' Report. If you wish to reposition the Directors' Report, you are able to click and hold the hamburger menu to the left of the page and drag and drop in the desired location.
Once you are satisfied with the GPFR template, click Save and Close.
Customising note content, accounting policies and disclosures
If you wish to customise the note content or accounting policies and disclosures in the GPFR template you have created, you are able to do so. For information on how to do this, see the administrator article: Reporting - notes.
Tip: This is a particularly useful tool to assist with adhering to auditors feedback where you may be required to customise the report content.
For Users
Using the firm level GPFR report template
Navigate to the Reports screen and select the dropdown menu on + New Report. Select GPFR Simplified Disclosures. This will generate the template which has been created by your firms Active Owner / Admin user.
A screen will appear, as below. Here, you are able to customise the report as desired at a client level. For more information on how to create a report, see the knowledge article: Reporting - creating a report.
Tip: If you wish to consolidate the Statement of Profit and Loss and Statement of Comprehensive Income instead of having two separate pages in the report, navigate to the Statement of Profit and Loss page in the 'Pages' section and change the 'Display Option' to be 'Total Comprehensive Income'. You can then remove the Statement of Comprehensive Income page.
Customising pages in the report
If you wish to customise the pages in the report, i.e. Statement of Financial Position, Notes to the Financial Statements, etc., you are able to do so.
For information on how to add and edit pages at a client level, including the Notes to the Financial Statements, see the knowledge article: Reporting - pages.
For more detailed information on how to add and edit accounting policies and disclosures (i.e. Notes to the Financial Statement) at a client level, see the knowledge article: Reporting - accounting policies and disclosures.
Customising Cashflow Statement
If you wish to customise the Cashflow Statement, you are able to do so. For information on how to do this, see the knowledge article: Datasets - cashflow.
Tip: If you have an account, for example, plant and equipment, where the items have been both acquired and disposed of but the movement is showing in full in the acquisition column of the Cashflow Statement, you are able to split this. To allocate between accounts, click + New Cashflow Journal.
Customising Statement of Changes in Equity
If you wish to customise the Statement of Changes in Equity in the report for more complex GPFR clients, you are able to do so. For information on how to do this, see the advanced knowledge article: Statement of Changes in Equity.