The KW Financial Statement (KWFS) produces the KW-specific formatted Balance Sheet and Income Statement using the KW approved chart of accounts. It ensures alignment of financial data between WinMORE and the Market Center accounting package (AccountEdge or Lonewolf) during the transmittal process.

Using the KW Financial Statement, financial data can be saved as often as you like. Once saved, the information will then feed into the Reports Financial Statement. This allows financial information from the Market Center’s weekly soft close process to be accessible by the Market Center leadership team via the myKW online reports.

The KW Financial Statement shows the accounting data that has been submitted from your accounting package, which means prior month information may not be the same as your transmitted numbers. If you have made a change to a prior month, you will need to move the change to the current period to ensure your current data matches transmitted data.

The method for submitting accounting data to the tool will vary by the accounting software used by the Market Center. Once reviewed, the current month data must be saved in order for WinMORE and the KWConnect reports to use the information.

• For AccountEdge - US
• For Lonewolf
• For AccountEdge - Quebec

Accessing the KW Financial Statement

1. Log in to mykw.kw.com.
2. Click Technology at the top of the screen.
3. Click KW Financial Statement.

Navigating the KW Financial Statement

Home Page

1. Account History: The account history view allows you to view the details of the submitted data. You can see each account submitted along with each month’s budget numbers, activity by month in the current year, and the last year ending balance. This button is not available until after the first time data is submitted.
2. Display Financial Statements: Displays the Balance Sheet with a toggle button to view the Income Statement. You will always initially see the current accounting month view with the option to switch the view to a different month in the current accounting year. The current accounting year is determined by the WinMORE system. This button is not available until after the first time data is submitted.  
3. Load Financial Files/Display Security Key:  Load Financial Files: Lonewolf and Canadian AccountEdge users will use this button to upload their financial data to the KW Financial Statement. The files require for upload vary depending on the accounting program being used. 
4. Date of Last Data Upload: This date and time stamp shows you the last time you submitted data to the KW Financial Statement. If changes have been made within your accounting software, you will need to submit the updated information to the KW Financial Statement.
5. Menu:
   • The Home button will take you back to the KWFS Home screen.
   • The Help button allows you to download the KW Financial Statement Guide for Market Centers.
   • Logout will log you out of myKW.

 Income Statement and Balance Sheet

1. Financial Statement Switch: Allows you to switch between the Balance Sheet and Income Statement views.
2. Month Menu: Allows you to switch the view to another month within the current accounting year.
3. Date of Last Data Upload: This time stamp is the last date and time that data was submitted to the KW Financial Statement. If changes have been made within your accounting software, you will need to submit the updated information to the KW Financial Statement.
4. Print Button: Displays a PDF view of the financial statement you are currently viewing. The PDF will be a WYSIWYG (What You See Is What You Get) view. If ranges are expanded on the screen, they will be expanded on the PDF.
5. Expand/Contract: Several line items on the KW Financial Statements are ranges of accounts totaled. This button allows you to expand the view to see what amounts make up these totals or contract it back to the single line item.
6. Save: Since the only period that can be saved is the current accounting period, this button will only display when viewing the current accounting period of your market center. This saves the data you have submitted to the KWFS to the KWRI servers for use by WinMORE and the myKW reports. Best practice is to perform a soft close each week and save the data to KWRI during that soft close process.

Account History View

The account history view allows you to view the activity in an account by month in the current year.

1. Prepare Statement: Displays the Balance Sheet with a toggle button to view the Income Statement. You will always be taken to the current accounting month view with the option to switch the view to a different month in the current accounting year. The current accounting year is determined by the WinMORE system. This button is not available until after the first time data is submitted.  
2. Date of Last Data Upload: This time stamp is the last date and time that data was submitted to the KW Financial Statement. If changes have been made within your accounting software, you will need to submit the updated information to the KW Financial Statement.