SI.CLOSINGBALANCE
Created by Damien Zwillinger, Modified on Wed, 25 Sep at 4:06 PM by Harry Lewis
Applies to:
- Velixo NX
- Sage Intacct
The SI.CLOSINGBALANCE function returns the closing balance of a Sage Intacct GL account (at the end of the specified reporting period or date).
TABLE OF CONTENTS
Syntax
SI.CLOSINGBALANCE(
Connection,
AccountGroup,
AccountCode,
StartDate,
EndDate,
LocationId,
Books,
Dimensions,
UserDefinedDimensions,
IncludeChildDimensionBalances)
Parameters
The SI. CLOSINGBALANCE function uses the following parameters:
Parameter | Required/ Optional | Description |
Connection | Required | The name of the connection as configured in the Connection Manager |
AccountGroup | Optional if AccountCode is specified | The name of the account group for which to return the aggregated closing balance. Note: Computational Account Groups are not supported. |
AccountCode | Optional if AccountGroup is specified | The code of the general ledger account, or multiple account codes defined by a Velixo range expression |
StartDate | Required | The start date (inclusive) in YYYY-MM-DD format or a cell reference to a date |
EndDate | Required | The end date (inclusive) in YYYY-MM-DD format or A cell reference to a date |
LocationId | Optional unless the company has multiple base currencies | The ID of the entity or location |
Books | Optional | The reporting book or global consolidation book to be used for retrieving the balance. One or more user-defined adjustment book IDs may be included* |
Optional | Either:
The SI.DIMENSIONS function can make referencing dimensions much easier. For more in-depth information about filtering by Dimensions: see Using Dimensions
For user-defined dimensions, use the UserDefinedDimensions argument. | |
UserDefined Dimensions | Optional | Either:
The SI.DIMENSIONS function can make referencing dimensions much easier. For predefined analytical dimensions like customer, project etc., use the Dimensions argument. |
| IncludeChild Dimension Balances* | Optional | True or False (Default) Determines if (for dimensions which have child dimensions) the balances of child dimensions are included in the calculation of the total balance. This parameter only affects balances if:
|
*The IncludeChildDimensionBalances parameter performs similarly to the Include subdimensions checkbox in Sage Intacct's stock reports such as Account Balances:
Books parameter:
If you leave the parameter blank, the default reporting book will be used (ACCRUAL or CASH depending on your company settings).
If you specify just one reporting or global consolidation ("GC") book, that's what will be used to retrieve balances.
If you specify more than one reporting / GC books (e.g. "ACCRUAL;GCBOOK") an error will be thrown - it is not allowed in Sage.
If you specify a reporting / GC book and one or more predefined/user-defined adjustment books (e.g. "ACCRUAL;TAX;GAAP") then you will retrieve balances from ACCRUAL plus any adjustments defined by each of the adjustment books.
Examples
Revenue and Expense accounts
Consistent with Sage Intacct's Trial Balance and Account Balances reports, this function may always return the same results as the turnover for the specified date range. To calculate the ending balance of a revenue or expense account as of a particular date, calculate the account turnover from the beginning of the applicable financial year until one day before the starting date of the report, and add that value to the account turnover of the period.
|
Example 1
=SI.CLOSINGBALANCE(
"Sage",
,
"10100",
"2022-04-01",
"2022-04-30",
"100",
"ACCRUAL",
$C$6:$D$8)
Description
Returns the closing balance of the account "10100 - Cash" at the end of April 2022, for entity "100", in the Accrual book, and filtered down by dimensions specified in the C6:D8 range (for example, by Department and Employee).
Result
441,692.00
(this example uses cell references for some of the parameters)
Example 2 - Dimension Array
For examples of the use of a dimension array (available in version 2023.8 and higher), see : Example 2 - Dimension Array in the SI.OPENINGBALANCE function.
Example 3 - Empty Account Group
Assuming this configuration within Sage Intacct:
(note that no accounts are assigned to the Accumulated Depreciation account group)
=SI.CLOSINGBALANCE("Sage", "Accumulated Depreciation",,"2019-01-01","2019-12-31",
"100", "ACCRUAL")
Description
The various Velixo balance functions (SI.OpeningBalance, SI.Turnover, SI.ClosingBalance, and SI.BudgetTurnover) will return zero when there are no accounts assigned to the referenced account group.
Results
Example 4 - using Include Child Dimension Balances with Location
Below are balances where the Dimensions and UserDefinedDimensions are not used, but where a Location is specified with the IncludeChildDimensionBalances parameter:
Example 5 - Include Child Dimension Balances or not
Below are balances for a specific Location, where Dimensions and UserDefinedDimensions are not used.
Customer 10007 is defined as a child account of customer 10001.
In row 6, when excluding the balance for customer 10001, you can choose whether or not to also exclude the balance for child account 10007.
Note that rows 3 and 7 use two techniques (blank and "*") to achieve the same result.
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