Report Notes

Notes perform an important role in reporting, providing information or explanations about the nature of the report itself.

Here are some examples of information you might want to include with these reports:

• Inventories are stated using the average cost method.
• Property, plant, and equipment are stated at cost. Depreciation is provided in amounts sufficient to relate the cost of depreciable assets to operations over their estimated service lives, principally on a straight-line basis.

Notes print on a separate page at the end of reports and have titles to clarify which report they belong to.

Adding Report Notes

You can add report notes to individual account records that will appear on your financial statements:

• Balance Sheet
• Income Statement
• Statement of Cash Flows

If you add notes to client companies from the Sage 50 Accountant Edition, the notes will appear when your clients generate the reports. However, only Sage 50 Premium Accounting clients can edit these notes.

If you add notes to an Sage 50 First Step Accounting company, they will appear when your clients generate the reports. However, notes can only be edited in the Sage 50 Accountant Edition.