Accounts that flip in the lead sheets

Published: 05/04/2024

Caseware templates are designed to automatically flip accounts to the opposite side of the ledger, based on their imported sign.

Answer:

You can check which accounts flipped by following the below steps:

•   From the Navigation Toolbar, select Trial Balance. The Working Trial Balance will open.
•   Locate the L/S Column heading and right click on the heading. The appropriate right-click menu will appear.
•   From the right-click menus, select Show | L/S flip. The appropriate column will appear.

Below is some examples of groupings that can flip between lead sheets:

•   Bank Overdraft
•   Cash and cash equivalents
•   Deferred tax asset
•   Deferred tax liability
•   Loans to/from group companies
•   Loans to/from beneficiaries
•   Loans to/from body corporate owners

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