Rakia_Stokell's avatar
Experienced Partner
8 years ago

Report: Balance Sheet - Switch account type for negative asset and liability accounts

It would be great for MYOB to automatically switch the status of a balance sheet account (ie: bank account) from Asset to Liability based on the closing balance in that account at a particular report date. ie: if bank account was overdrawn at the time of running a balance sheet account.

"Auto switching asset/liability based on current balance"

1 Comment

  • 6203's avatar
    Experienced Cover User

    Yes - I would love to see this capability for loan accounts.  We have several intercompany loan accounts and they vary from time to time as to whether they are an asset in the entity or a liability in the entity.  It is crazy that I have to physically move the balances to a different account number in order to have them show correctly in the balance sheet.  Thanks.