SI.CLOSINGBALANCE

Created by Damien Zwillinger, Modified on Tue, 23 Jan 2024 at 01:17 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

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:

  • A two-column Excel range, where the first column contains the name of a predefined analytical dimension (e.g. department, customer, project etc.), and the second column contains the semicolon-separated list of values for that dimension. OR

  • A multi-column array where the first row (or column) of the array contains the name of a predefined analytical dimension, and the remaining rows (or columns) contain the individual values for that dimension. (note: this feature is available in version 2023.8 and higher)

 

For more in-depth information about filtering by Dimensions: see Using Dimensions

 

For user-defined dimensions, use the UserDefinedDimensions argument.

UserDefined Dimensions

Optional

Either:

  • A two-column Excel range, where the first column contains the name of a user-defined analytical dimension, and the second column contains the respective value (or a semicolon-separated list of values) for that dimension. Or

  • A multi-column array where the first row (or column) of the array contains the name of a user-defined analytical dimension, and the remaining rows (or columns) contain the individual values for that dimension. (note: this feature is available in version 2023.8 and higher)

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:

  1. the Location argument is defined and/or
  2. other dimensions are specified in the Dimensions or UserDefinedDimensions parameters.

*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.

Was this article helpful?

That’s Great!

Thank you for your feedback

Sorry! We couldn't be helpful

Thank you for your feedback

Let us know how can we improve this article!

Select atleast one of the reasons
CAPTCHA verification is required.

Feedback sent

We appreciate your effort and will try to fix the article