Viewing initial balance for tax books

This activity allows you to view the initial balances of a tax book. You can select the code identifying the tax book and the group of the account. You can view the account balances in both the base currency and the account currency.

Select the “View Initial Balance” link under the “Tax Book Processing” business component.

The “View Initial Balance” page appears.

Enter the following fields:

Tax Book	Use the drop-down list box to select the code identifying the tax book for which you want to view the initial balance entries details. All the tax books of type “Posting” and for which initial balance entries have been entered will be available for selection in the ascending order.
Account Group	Use the drop-down list box to select the account group, to which the account codes for which you want to view the initial balance entries belong. You can select from “Asset”, “Liability”, “Capital”, “Revenue” and “Expenditure”.

The system displays the following:

Tax Year	The code identifying the tax year.
Tax Period	The code identifying the tax period corresponding to the tax year.
	This refers to the tax year and tax period for which initial balance has been created.

Click the “Get Account Details” pushbutton to retrieve the account details.

The system displays the following in the “Accounting Information” multiline based on the search criteria entered:

Account Group	The group to which the account belongs.
Account Code	The code identifying the account.
Currency	The code identifying the account currency.
Dr / Cr	Indicates whether the amount has been debited or credited in the account.
Transaction Amount	The initial balance amount in the account currency.
Base Amount	The initial balance amount in the base currency of the company.
Account Description	The textual description of the account.

The system displays the following:

Base Amount

Debit Total	The sum debit total of all the amounts in the base currency.
Credit Total	The sum credit total of all the amounts in the base currency.