Financial Statement Designer can generate four default financial statement designs and an accumulator as follows:

• Net income accumulator (used on the balance sheet design)
• Income statement design
• Balance sheet design
• Trial balance design
• Monthly budget comparison design

If using both the cash and accrual accounting methods, you have the option of creating one or both sets of default financial statement designs.

Financial Statement Designer verifies your current chart of accounts in General Ledger. It determines the appropriate account ranges for the design sections and to create the net income accumulator.

Default statements vs Modified statements

Using default financial statement designs

If you use the default financial statements and added new accounts to your chart of accounts, follow the steps below. These steps recreate and update the default statements with the new accounts.

Using modified financial statement designs

If you modified the default statement designs and saved them with a new name, don't use the steps below. See these steps to add the accounts to the modified designs.

Create/update financial statements

If the default designs already exist, Financial Statement Designer overwrites them when you follow the steps below.

1. Make a backup copy of your designs:
   1. In Financial Statement Designer, click File, Open and select a design.
   2. Click File, Save As and enter a new name.
   3. Repeat steps 1 and 2 for each design. See the list above for the design names.
2. In Financial Statement Designer, from File, select Create.
3. Click Yes on each message for the designs you're updating and the canned net accumulator. Click Cancel for the designs you aren't updating or designs you didn't make a backup for.
4. Close all open financial statement design windows.
5. Exit Financial Statement Designer.