Here is an example of one way to create a comprehensive Financial View Account called "Operating Expenses." All of the accounts will be rolled up and the total will be displayed as one number in the subsequent financial report as “Operating Expenses”.
Compare the difference between a “Default” View Income Statement and an Income Statement or Statement of Activities utilizing Financial Views.
Open two windows and compare two Income Statements (Statement of Activities) by selecting view: “default” and view: “operating expenses” and see how they differ in the presentation of the same data.
A) Default Income Statement or Statement of Activities uses the Chart of Accounts - no financial view selected
B) Income Statement or the Statement of Activities using Financial Views removes the accounting references, rolls up line items and allows you to sort groups and customize terminology for reporting.