How do I present PSAB financial statements in Jazzit?

How do I present PSAB financial statements in Jazzit?

The PSAB (Public Sector Accounting Board) Statement of Financial Position and Statement of Net Financial Assets (Debt) was added in the January 16, 2015 version of Jazzit Fundamentals.

Solution

Ensure that your Jazzit financial statement is updated to the January 16, 2015 version or newer. Please refer to http://www.jazzitsupport.com/Downloads/ViewVideo?videoName=Updating%20Jazzit%20Templates for steps on updating your Jazzit statements.

Go to the Admin section in the Home Menu and click on the Click to switch to 9 column totals format button to switch to the 9 column statement format. If the button is set to Click to switch to 2 year with % format, you are already using the 9 column format.

Please refer to the help article if you receive an error message referring to headers/footers required for the 9 column statements.
Go to the Client Profile section of the Home Menu and set the Structure to PSAB. This will load the Statement of Net Financial Assets (Debt) as well as change any relevant wording to the PSAB related wording within the Jazzit financial statements.
Jump to the Statement of Financial Position. At the top of the Statement of Financial Position you will see a popup menu that gives you a choice between the 1-9 column unclassified B/S and 1-9 column unclassified B/S. The unclassified B/S is used to prepare PSAB statements.
You will receive a message notifying you to switch to the unclassified B/S if you try to use the 1-9 column classified B/S while the PSAB option in the Client profile section of the Home Menu is selected.
The Statement of Changes in Net Financial Assets (Debt) is also added to the Jazzit financial statements. This statement should tie back to the Net Financial Assets (Debt) line item on the Statement of Financial Position.

Manually reconcile the statement to match the Statement of Financial position and clear all rounding differences.
Right-click on the Express menu to add manual or linked lines. You can either insert a change in balance linked line (indicated with a yellow background) or an ending balance linked line (indicated with a green background).
Right-click on the Express menu to apply the rounding difference(s) of the Statement of Net Financial Assets (Debt) to a specific line item.