Q: My Balance Sheet does not balance?
A: Your balance sheet will not balance for the following reasons:
- You have trial balances missing in your list of trial balances uploaded in that company. These gaps must be filled with trial balances. See which trial balances are missing by going to Companies->Trial Balance Upload->View List
- Your retained earnings proof hasn't run. Click Companies->Trial Balance Upload->View List and click Run Reverse Retained Earnings proof and then click Run Retained Earnings Proof
- You have a gap in your holdings. Click Companies->Select the relevant holding company->Manage Holdings and make sure there are no date range gaps in the holdings for that company
- Make sure that you have exchange rates loaded for all months that you have trial balances loaded in the system.
Q: How does your cash flow work?
A: The cashflow is calculated off your trial balances. It works by taking values from your income statement and taking movements on your balance sheet to determine the cashflow in your company. Quick Consols does not have access to the underlying cash transactions in your accounting system or bank statement.
A: In other words interest expense on the income statement is displayed as interest paid on the cashflow statement. If this is not the case you need to process journals to strip out the non-cash portion of the cash paid.
Q: My cash flow does not balance?
A: The most likely reason your cashflow statement doesn’t balance is that accounts have been mapped to cash and cash equivalents in the balance sheet that have not been mapped to movements in cash on the cashflow statement.
A: To check the mapping you can pull a mapping extract by heading over to Operation->Data Extracts->Mapping
Q: Can I drill down to a transactional level?
A: No, we do not store transactional level detail in Quick Consols
Q: Can I build my own reports?
A: Yes you can. Please send an email to support@quickconsols.com to set this up for you.