Assets and liabilities

The Assets & Liabilities report shows all the assets and liabilities accounts that exist in your Chart of Accounts. Thus Assets & Liabilities shows the inventory of the company and the values shown for the individual months are accumulated values. To see movement as opposed to inventory go to the Opening Balance Sheet.

Assets & Liabilities are closely related to Profit & Loss and the Cash budget.  When you edit a specification, it will influence Assets & Liabilities - either directly, if the Profit & Loss account is a value adjustment, or indirectly, if there is a credit period in the account. The impact can also come from the month's performance, which is transferred to the Assets & Liabilities on an ongoing basis.

Assets & Liabilities should always balance. If it doesn’t there may be unintended changes in the System Accounts or errors in the Chart of Accounts, so it's a good idea to check that the settings are correct.

If you click on one of the account names in Assets & Liabilities you will go to either the Opening Balance Sheet or to one of the modules associated with the account. Thus Assets & Liabilities shows the inventory of the company and the values shown for the individual months are accumulated values. To see movement as opposed to inventory go to the Opening Balance Sheet.