Selecting Reporting Period Date Sequences lets you choose the frequency of data you want to show. By default, Yearly is selected. If you would like to compile interim statements such as quarterly statements as well as yearly statements, then it is recommended that you select Monthly and Quarterly too. Make sure that all balances are calculated from monthly. This means that you only need to ensure that the monthly balances are imported into the file. Quarterly and Yearly balances will be calculated using the monthly balances (Month 1 + Month 2 + Month 3 – Quarter 1, sum of Month 1 – 12 = Yearly, etc.).
The Current Period Date Sequence specifies the active date and period in CaseWare (depending on settings above), e.g. if you want to see the trial balance for Q1 only, then set the Current Period date Sequence to Quarterly and the current active period to 1. This will filter the CaseWare data to only show data for Q1 (Months 1 – 3).
If you have selected any other period sequence, you will need to set the current active period to the last defined period in order to produce year-end financial statements. If you select Monthly and change the drop-down menu Compute yearly balances from to Monthly, you will have the opportunity to later choose to compute by month or independent periods.
Select the period that you want to view. This will filter the trial balance and other documents using the default Current Active Period. The active period is dependent on the Current Period Date Sequence selected, i.e., Quarterly = 4 periods, Monthly = 12, etc.
