Using the Financial Summary Report

The Financial Summary Report is automatically created based on the financial groupings assigned to accounts in the Financial trial balance.

Note: Changes to the financial group assignments in the Financial trial balance automatically update the Financial Summary Report.

To view the Financial Summary Report, do the following:

  1. Click the engagement on the Engagement List page.

    Note: See Using the Engagement List Page for information about using the pagination and search features to find an engagement in the list.

  2. Click on the navigation bar and select Financial Summary Report.
  3. Note: You can also access the financial summary report from Engagement View. Click next to the node or folder holding the financial summary report to expand it and show its contents, and then click the report's index or name to open it.

ClosedTell me about the information in the Tax Summary Report.

Net (Income) Loss Grid

The Net (income) Loss amounts are the sum of the accounts assigned to revenue and expense groups in the Financial trial balance.

Report Grid

Under the Net (Income) Loss grid, you will see up to 2 tabs display based on the tax groups assigned to the accounts:

  • Report. Displays all accounts assigned to financial groups and financial sub-groups.

  • Unassigned Accounts. Displays accounts that are not assigned to a financial group. Accounts are sorted by account number or in alpha numeric.

On the Report tab, the information is represented in a hierarchy from account type down to accounts. Account balances are rolled up to each level which can assist when building or reviewing financial statements.

Here is the hierarchy structure:

Account Type


Financial Group

Financial Sub-Group or “No Sub-Group”

Subsidiary Entity (applicable for consolidated engagements)


Click next to each level to expand and show the contents.

“No Sub-Group” appears when accounts are assigned directly to a financial group and not a financial sub-group.