Partner Zone

Share your ideas for improving the new AccountRight. Vote on ideas and discuss them with the MYOB product development team.

Product Ideas

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

Experienced Partner




64 Posts
Experienced Partner

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
Experienced Cover User
49 Posts
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.