Financial Text

Financial Text

Article Content: overview of how to create and manage reusable financial text entries for use in financial statements

Financial Text allows you to store predefined text blocks that can be inserted into financial statements. These text entries help standardize footnotes, disclaimers, headers, and other narrative sections within reports.

Step-By-Step

Step 1: Navigate to System Setup → Report Setup → Financial Text.

This screen displays a list of all existing text entries that can be used throughout financial reports.

Step 2: To add a new text entry, select New.

You can now:

  • Enter a Text ID and Description

  • Type or paste the text content into the provided field

  • Format the text as needed, depending on system options

After entering the information, click Save & Close.

Step 3: To edit an existing text entry, select the entry from the list.

You may:

  • Update wording

  • Correct or refine text

  • Replace outdated notes or disclosures

Once adjustments are complete, select Save & Close.

Step 4: To configure the Consolidate tab:
  • Navigate to the Consolidate tab within the Financial Text screen.
  • Select the companies or entities where this text should appear in consolidated reports.
  • Checkmark multiple companies if you want the text applied across all selected entities.
  • Review the text entry for accuracy and consistency for consolidated reporting.
  • Click Save & Close to apply the text entry to the selected consolidated reports.

Step 5: All configuration is done within a single General tab, where you define:
  • Text ID

  • Description

  • Full text content

Step 6: Financial Text entries can be inserted into Financial Statements or Financial Packages to maintain consistent wording across all reports, reducing manual retyping and ensuring accuracy.

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