Abstract: A financial processing system according to the present invention includes a computer system and an integrated set of software functions and procedures that construct a multidimensional array to be used to enter and/or modify various types of data, provide the data to an output device and store the data permanently on a hard disk, tape or other similar storage device. The computer system is utilized in connection with the design, installation, creation, updating and reporting of financial information in diverse applications including trial balance, general ledger, financial analysis, financial reports, tax returns and workpapers (e.g., spreadsheets). The diverse applications may be accessed by a user via menus and appropriate keyboard and/or mouse entries. In addition, the workpapers and reports may be selectively configured by a user to accommodate various formats of and/or display user selected information.