GL Financial Summary

The data model encompasses various financial views including Account Balance, Trial Balance, Income Statement, and Balance Sheet, detailing beginning and ending balances, debit and credit transactions, closing balances, reporting amounts, posting details, and variances. Utilizing live reporting views, the model enables real-time tracking of income, expenses, assets, liabilities, and equity while ensuring accurate accounting and financial analysis over specified time periods.

Benefits of This Data Model

• Enhanced Financial Reporting: The data model provides a comprehensive range of financial views, including Account Balance, Trial Balance, Income Statement, and Balance Sheet, enabling detailed and accurate financial reporting over specified time periods.
• Improved Trend Analysis: With views such as Account Balances by Period, users can perform in-depth trend analysis by tracking account balances over different time periods, facilitating better insights into financial performance.
• Real-Time Monitoring: Leveraging the live reporting views like Income Statement for Report (Live), the model allows for real-time tracking of income, expenses, and profits, facilitating quick decision-making based on up-to-date financial data.
• Streamlined Accounting Processes: By detailing beginning and ending balances, debit and credit transactions, and closing balances, the data model enhances accounting accuracy and efficiency, ensuring reliable financial analysis and reporting.

Key Performance Indicators (KPIs)

• Beginning Balance: The balance at the start of the financial period.
• Debit Amount: The total amount of money debited in the financial transactions.
• Credit Amount: The total amount of money credited in the financial transactions.
• Ending Balance: The balance at the end of the financial period.
• Closing Balance: The final balance after all transactions of the financial period are accounted for.
• Closing Balance LY: The closing balance for the same period in the previous year.
• Reporting Debit: The debited amount as reported in financial reporting.
• Reporting Credit: The credited amount as reported in financial reporting.
• Reporting Posting Amount: The posted amount as reported in financial reporting.
• Posting Amount: The actual amount posted in the financial system.
• Posting Amount LY: The posted amount for the same period in the previous year.
• Posting Variance: The variance between the reported amount and the actual posted amount.

Available Visualizations

View Name	Description
Account Balance	View displaying current balances for all accounts in the financial summary.
Account Balances by Period	View showing account balances over specified time periods for trend analysis.
Trial Balance	Summary view of all debit and credit balances to ensure accounting accuracy.
Income Statement	View presenting revenues, expenses, and profits for a defined period.
Income Statement for Report (Live)	Live view showing real-time income statement data for reporting purposes.
Balance Sheet Layout for Report (Live)	Live view presenting balance sheet data layout for reporting needs.
Balance Sheet	Financial view detailing assets, liabilities, and equity at a specific point in time.
Trial Balance for Report (Live)	Live view displaying trial balance data for reporting requirements.