Balance Sheet Formatting

Matt Kwiatkowski

I’m preparing a balance sheet template in Financial Edge’s chart organizer. There are three pre-paid accounts that are set up as assets that I would like to show in the liabilities section of the balance sheet. When I map these accounts to the asset section, all the information shows up correctly. When I try mapping them to the liability section, no information shows up. Is this happening because my account numbers are outside of the Liability category definitions? If so, is there a work around for this issue?

Kevin Brazell

@Matt Kwiatkowski
Technically yes but you can change the headers settings in the Chart Organizer to multiple types of accounts in one area. Change your liabilities setting on the Category to Balance Sheet :

Then under the details section, I'd add another detail section, for the prepaid asset accounts. Then when I ran my report , I had them at them in my liabilies section :

Of course if they were liabilities, then you'd not have to worry about the extra steps / work on the Chart Organizer too. But technically you can make assets and liabilites show up in same header / subheader.