Flip Lines
The 2 column and 9 column versions of the balance sheet have certain lines that automatically move their amounts to the Asset or Liability side of the balance sheet depending on whether they are in a debit/credit position. These lines can be identified because the their map numbers have a white background and can only be toggled on/off. These lines include:
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Income taxes payable / recoverable
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Good and services tax Payable / recoverable
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Provincial sales tax payable / recoverable
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Wages payable / recoverable
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Future Income taxes (Short term and Long Term)
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Due to / from related parties (Short term and Long Term)
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Due to / from shareholders (Short term and Long Term)
Netting Options
By default amounts will be distributed between the Assets / Liabilities based on whether individual accounts are in a debit or credit position. There is an option to net all accounts to either the Asset or Liability side. Right-Click on the map number to see this option.
