Finnish Account Payables by Detail report shows open invoices with a specific date. It also shows paid invoices in an accounting date range grouped by liability account and supplier name (alphabetical order). Finnish accounting legislation requires this report after the accounting period has closed.

Finnish Account Payables supports a variety of payables transactions. Use this report to reconcile your liability balances for specific dates and paid amounts for a specific period in General Ledger. This report is typically used after the accounting period has closed; however, you can reconcile total amounts anytime between Account Payables and General Ledger.

The report shows:

Original invoice amount in foreign currency as well as functional currency

Open invoice amounts grouped by liability account both in foreign and functional currency

Paid amounts in accounting date range

Discounts taken in accounting date range

Exchange rate gain/loss amounts in accounting date range

Invoice open total amounts are reconciled to YTD balances for liability accounts. Paid total amounts are reconciled to the PTD balances of cash accounts. Discount total amounts are reconciled to the PTD balances of discount accounts. Exchange rate gain/loss total amounts are reconciled to the PTD balances of gain/loss accounts.

The Report supports the following summary layouts:

Liability Account Summary displays the total account amounts.

Currency Summary displays the total account and currency amounts.

Vendor Summary displays the total account, currency, and vendor/customer amounts.

Invoice Summary displays each invoice when calculating totals for an account, currency, and a vendor/customer.

Use the Run Reports window to submit Finnish Account Payables by Detail.