Account Transactions Report - Running Balance calculation
Currently the Account Transactions Report calculates Debits minus Credits which means a positive Running Balance shows in brackets and a negative Running Balance shows without brackets. This is totally contradictory to the usual accepted Accounting Rules. Can this be changed so that the Running Balance is calculated as CREDITS MINUS DEBITS please ?
James Holdridge Properties Ltd
shared this idea
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Lochac Exchequer
commented
In my Xero, the Running Balance column DOES calculate credits minus debits, but it does NOT put brackets around negative numbers. Every running balance line item is shown as a positive number, even when it is actually a debit.
I'd argue this is even less helpful. And if you add a column for Net, the total assumes all numbers were credits. -
Emily McCahon
commented
Related to this, I've just discovered that if the debit and credit columns are unselected, the opening balance doesn't show - apparently this is because it needs to show in one of these columns. The system needs updating so that the opening balance shows in the running balance column in brackets if a credit balance and positive if a debit balance.
