Understanding Financial Statement Totals

When you produce financial statements, the system creates report subtotals based on AAI items FSxx. These AAI items, which are used for profit and loss accounts only, are optional. Do not use AAI items FSxx for accounts other than profit and loss accounts or your financial statement results will be unpredictable. Your account numbers must be consistent across all companies for your reports to be meaningful.

The subtotal for each AAI item (FS01–FS98) prints before the specified account range on your financial statement. These are subtotals that might appear on an income statement:

• Gross Margin

• Operating Income

• Net Profit Before Taxes

• Net Income (Loss)

You can specify the text to appear for each subtotal in the first description line under the heading Account Use Description on the Set Up Single AAI Item form.

This table shows the information needed to set up AAI item FS01:

AAI Item	Description	Business Unit	Object	Subsidiary	Sequence Number
FS01	Financial Statement Totals	Not used	Required	Optional	1.130

Follow these guidelines when setting up AAI item FSxx:

• Set up AAI item FSxx only for company 00000.

• Do not enter a business unit.

• To avoid unpredictable results, do not enter an object account to which the system posts transactions.

• Do not set up AAI item FSxx for balance sheet accounts.

For each financial statement, the JD Edwards EnterpriseOne General Accounting system provides a report version with subtotals based on AAI items FSxx. You must select the report version that contains the subtotals. For example, to print subtotals for AAI items FSxx on the Simple Income Statement report (R10211B), select the report version Income Statement by Branch with AAI Subtotals instead of Income Statement by Branch.