Account Summary

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A compact account summary puts the ending position and the period's earnings near each other, but those numbers answer different questions. Asset and liability balances describe what remains at the cutoff. Income and expense rows describe activity over the reporting window. Cash-account detail explains part of the ending assets and is repeated by its subtotal.

Open Accounting → Reports → Account Summary to inspect those account-level explanations of net assets. Establish whether a row is a balance, a period movement or a repeated control total before comparing it with another view.

Choose the reporting scope

Choose Entity and its matching Accounting Period, and verify dates. Missing period selection can resolve to the latest entity period; an unresolved combination can fall back to calendar-year dates.

The screenshots use Cedarbridge Reporting Example LP, July–September 2026, with fictional USD accounting records. The period is Open. These examples explain report calculations; they do not demonstrate execution of payment, posting, fee/allocation runs, valuation approval or close.

Account Summary repeats USD5,340 as Cash and Total Cash; it is one balance. Prepared NAV is USD10,300 and net income USD300.

Distinguish balances from activity

Use the date basis to explain an amount: cumulative assets and liabilities include earlier history, while period P&L describes earnings in the selected window. Ending NAV is derived from the asset/liability position, not the sum of every row called Total. Supporting cash lines and Total Cash explain the same component at different levels; net income explains an earnings change rather than another cash asset.

Read Account Category, GL Number, Financial Account and Total. Asset and liability figures are cumulative through period end; income and expenses use the selected reporting window. A Total column therefore does not mean every row is period activity.

Configured child GL accounts can roll into their immediate parent presentation account. Cash-account detail appears alongside Total Cash. The report also contains Ending NAV and Net Income controls.

Do not sum the cash details, Total Cash and Ending NAV as if they were separate assets. These rows present the same balances at different levels of detail.

Ending NAV is derived from signed assets and liabilities. It is not an independent bank reconciliation or proof that the investor capital ledger agrees.

Explain a difference

1. Identify whether the row is a balance-sheet account, period P&L, cash detail or control total.
2. Compare the account, parent classification and applicable date window with Trial Balance.
3. Open journal detail to investigate source, bank-account dimensions, amount, currency and lifecycle.
4. For a bank difference, use Cash Recon → Bank Tie-Out; the account summary does not establish bank statement agreement.
5. After an approved correction, refresh this report and the relevant GL/NAV controls.

This report includes non-Draft journals without separately excluding Reversed headers. Closing journals in the current window are excluded, while earlier closings remain eligible. These rules can differ from the Posted-only controls used elsewhere.

Amounts are not converted or separated by currency. USD presentation must not be interpreted as automatic translation of foreign-currency lines.

In this prepared example, cash is USD5,340, investment cost and unrealized value total USD4,500, prepaid assets are USD500 and the payable is USD40. Ending NAV is USD10,300. Total Cash repeats the cash component as a presentation subtotal; do not add it again.