Setting up an overdraft account in financial statements

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Important reminder!

Licenses for Payroll CS, Trial Balance CS, and Write-Up CS (but not Engagement CS) permanently expired on March 1, 2017.

For details, see CSA license expiration 2017 – frequently asked questions.

Some processes documented in the Help & How-To Center are no longer applicable, due to the discontinuation of these CSA modules.

Overview

The Financial Reporter module enables you to use conditional expressions in your financial statement worksheet to set up an overdraft account. This allows you to display an account in a balance sheet as either a Current Asset or a Current Liability based on a debit or credit balance. On a month-to-month basis you can see the changes in the Account reflected in the correct section of the statement without having to make any sign changes based on a debit or credit balance.

See also: Overdraft account example

Alternate method

An alternate method for displaying overdraft information in financial statements is to use an automatic journal entry. For detailed information and examples, please see Automatic Journal Entries in Write-Up CS (PDF).

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