RE: General Journals: Positive or Negative Amount
Hi John,
This is how I look at this way:
The Amount always goes with the "Account" (opposite for the Balance Account).
That means ... it depends which accoutn you specify in the Account and which in the Bal. Account
Like:
If you want to regsiter expenses against a cash account
Account = Expense Account
Amount decimal = positive
Bal. Account = Cash G/L Account
or
Account = Cash G/L Account
Amount decimal = negative
Bal. Account = Expense Account
If you want to regsiter expenses against a vendor
Account = Expense Account
Amount decimal = positive
Bal. Account = Vendor
or
Account = Vendor
Amount decimal = negative
Bal. Account = Expense Account
But you can also use Debit and Credt Amount fields
(use field "Show Amounts" in General Ledger Setup to specify which amount fields you want to see in journals)
Please be aware:
If you use "negative decimal in the "Debit Amount" or "Credit Amount" field, then it will really be a negative amouunt in that field; meaning ... this is to correct wrong entries / to get Debit total and Credit total correct on G/L Accounts
Hope this helps
Dirk
