Table of contents
6.1 Cash flow items in transactions
6.2 Cashflow Review (Cashflow Review)
7.1 CFI value logic for payment transactions
7.2 Scope of influence of CFI modification
7.3 Cash Flow Record Generation Procedure
1. Acknowledgments
In China's accounting work practice, the direct method is required to prepare the cash flow statement. TOI released this solution after listening to the needs and suggestions of users. Hope to help the majority of NetSuite accounting users save time and effort when compiling this report.
In developing this feature pack, we have had enthusiastic contributions from (in alphabetical order): Chris Wang, Cici Tian, CY, Vicky Lin, Vicky Min. Thanks for this.
2. Function Description
2.1 Terminology
- CFI: Cash Flow Item, cash flow project
- CFR: Cash Flow Record, cash flow record
- CFS: Cash Flow Statement, cash flow statement
2.2 Function overview
The main functions of this feature pack include:
- Cash Flow Item Assignment
- Cash Flow Item (CFI) is automatically brought into transaction processing. The CFI pre-maintained by the system is automatically brought into transaction processing.
- Cash Flow Project Batch Review
- CFI Review function. Based on the bank chronological account, the bank account details and cash flow items (CFI) for a certain period are displayed, and users can manually adjust the CFI.
- cash flow statement
- The amount of the cash flow statement item can be penetrated and queried to understand how the amount is composed.
- Reports can provide discrepancy alerts. Used to warn about the difference between the balance on the CFS and the BS.
- Ability to export to Excel.
3. Installation
| Bundle name |
China Cash Flow Statement (Direct Method) |
| Bundle ID |
480042 |
| Release scope |
Share |
| code control |
Locked |
This Bundle is currently released for Share, if you are interested, please contact [email protected]
4. Role configuration
This feature pack introduces a role "TOI Cash Flow Role" whose type is "Accounting Center".
5. Basic settings
5.1 Parameter setting
Company-specific default parameters
In Subsidiary (OneWorld environment) or Company Information (single company environment), the default inflow and outflow cash flow items can be maintained.
Account Default Parameters
If the inflow and outflow cash flow items are maintained in the "Financial Account", during the transaction operation, the flow items in the "Financial Account" are given priority instead of the flow items maintained at the company level.
5.2 Function menu
access path
After the feature pack is installed, the following new menu will appear.
| menu group |
menu item |
Functional description |
| set up |
first choice |
Whether to enable this function or not |
| cash flow items |
Basic data-cash flow item setting |
|
| cash flow statement template |
Basic Data-Cash Flow Report Output Style |
|
| data |
Cash Flow Parent Record |
Cash Flow Statement Data Master Table |
| Cash Flow Subrecord |
Cash Flow Statement Data Subsheet |
|
| Temporary Cash Flow Records |
Buffer record for generating cash flow statement data |
|
| Cash Flow Record Generator |
Timing program for generating cash flow statement data |
|
| report |
Cash Flow Project Check |
Bulk inspection and modification tools |
| cash flow statement |
cash flow statement |
|
| Help |
Instructions for use of CFS |
Online documentation for regular updates and communication |
| CFS training video |
training video |
first choice
China Cash Flow Statement - Settings - Preferences
After the installation is complete, the China Cash Flow Statement function is turned on by default. The following preference records can be edited, and the function can be turned off after unchecking. The system no longer generates cash flow item records.
6. Operation Guide
6.1 Cash flow items in transactions
When creating a new transaction, the system checks whether there is a maintenance CFI on the "account", and takes it if so. If not, take the CFI value maintained in "Company".
6.2 Cashflow Review (Cashflow Review)
Access Path: China Cash Flow Statement-Report-Cash Flow Item Check
Filter
- Select Subsidiary.
- View Of: You can choose All; you can also choose Records With Warning to display only problematic records.
- Transaction start and end Date.
button
- Save, to save the manually changed CFI, will affect the cash flow report.
- Load, query according to the new Filter value.
- Export, output the current record to Excel in real time.
If the data is abnormal, the system will display the following information in the Warning column:
- cash flow in the wrong direction
If the Bank Type line has a debit balance, but the type of CFI is Out Flow. Or the Bank Type row has a debit balance, but the CFI type is In Flow, then Warning "cash flow direction is wrong". It should be noted that for the Customer Fund type, although the balance of the bank is on the credit side, the CFI is still an inflow (negative inflow).
- Missing cash flow items
If the CFI of the non-Bank Type row is empty, then Warning "cash flow item is missing".
- Cash Flow Record not generated
This transaction did not generate a CFR. You can go to the "Cash Flow Temporary Storage Record" to check whether there is any abnormality. Please refer to the chapter "7.3 Cash Flow Record Generation Program".
6.3 Cash Flow Statement
Access Path: China Cash Flow Statement-Report-Cash Flow Statement
- Report discrepancy warning
When the beginning of the current period + the amount incurred in the current period <> the balance of the current period, the system will give a warning.
Among them, the beginning of the period and the balance of the current period come from the account balance of the Bank Type of the balance sheet.
The amount incurred in the current period comes from the summary value of "Cash Flow Record" and the exchange gains and losses of the bank accounts of the period in the general ledger report.
- Drill Down
Users can click on the hyperlink to open "Cash Flow Item Record CFR" to check whether there is any abnormality.
- Export Excel
Users can click "Export Excel" to output the current report in real time.
7. Precautions
7.1 CFI value logic for payment transactions
Whether it is purchase payment or sales receipt, it is not necessary to specify CFI, even if it is specified in the document, it will not be effective. Because the CFI of purchase payment is determined by Vendor Bill, the CFI of sales receipt is determined by Invoice.
7.2 Scope of influence of CFI modification
After redesignating a CFI in "Cashflow Review", it will not change the CFI in the corresponding Transaction, but only affect the records in CFR, and then affect the cash flow statement.
7.3 Cash Flow Record Generation Procedure
This program is used to periodically generate "Cash Flow Records (CFR)" in batches based on newly generated transactions. If they are not generated in time, the message "Cash Flow Record not generated" will appear in Cashflow Review.
Users can use "China Cash Flow Statement-Data-Cash Flow Temporary Records" to check whether the transaction has been generated, and any generation errors.
If you find that the "Cash Flow Record Generation Program" has not been executed for a long time, you can enter it through "China Cash Flow Statement-Data-Cash Flow Record Generation Program", select script deployment, and perform "Save and Execute".
8. Video link
NK Bundles - China Cash Flow Statement (Direct Method)
end of document