Map Number Sign Property
 
Refrain from changing the sign property on the Working trial balance. Changing this property may affect the rounding of the Jazzit financial statements. Jazzit will automatically flip the debit and credit balances where applicable. Use the Synchronize Account Properties function to ensure that all accounts in the Trial balance have the correct sign in relation to their assigned map numbers.
 
Ensure that all the signs are selected as follows:
 
Map number
 
Sign
1xx.xxxx.xx
Assets
Debit
2xx.xxxx.xx
Liabilities & Equity
Credit
3xx.xxxx.xx
Revenue
Credit
4xx.xxxx.xx
Cost of Sales
Debit
5xx.xxxx.xx
Expenses
Debit
8xx.xxxx.xx
Tax & Other
Debit
 
 
 Why are the balances on the Jazzit financial statements showing the wrong signs?
 
There is a few factors that you'll need to inspect. Two reasons could be:
 
  • The Update sign field on import when importing from Simply Accounting was not unchecked, or;
  • The map numbers signs in the Working Trial Balance was manually changed from their defaults as indicated in the table above.