Swing/Switching accounts
Balance Sheet accounts should have a tick box to provide the option to treat them as a swing/switching account so that it automatically reclassifies itself between an asset and a liability depending on whether its closing balance is positive or negative.
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Belinda Colaco
shared this idea
Hi Belinda, the suggestion described here is supported through Switch Rules on the Balance Sheet. This is useful for accounts where the balance can move between a debit and credit position from one reporting period to another.
Once configured, the account can automatically appear in the appropriate asset or liability section based on its balance.
I’ve updated the status to Existing Functionality and closed the idea for voting.
