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Additional Account Categories
What are Additional Account Categories? I'm glad you asked. They are categories that are not included in traditional accounting and are not required to complete the chart of accounts. In The Financial Edge there are four additional account categories...
VCO Template Validation Shortcut
We have all been in this situation before, running a report and all of a sudden the results are not coming out correctly; be it a Balance Sheet out of balance, or an Income Statement missing activity from a certain expense code. Either way, one of the...
The Ledger Lowdown: Commingling Revenues and Expenses
Do you need to show offsetting sales with sales returns on your Income Statement? Whatever the reason to net revenues and expenses, you can do this by adjusting your Visual Chart Organizer (VCO). Just to give you a heads up, the process to adjust the...
The Ledger Lowdown: Get it in Balance
Nothing is more frustrating than when you run your Balance Sheet and the bottom line is out-of-balance . So here you are with an out of balance Balance Sheet that you need to have to your board in an hour, or, even worse, an hour ago. What should you...
Budgets and Encumbrances Net/Surplus Deficit
Many of you include budget and encumbrance columns on Income Statements in one way or another. If you use these columns there are some options you can utilize. These options are on the Format tab. To get to them, select the Format tab and highlight Detail...