PDA

View Full Version : Reverse Sign


08-20-2001, 05:31 PM
Hi,

Can someone please explain the Reverse Sign Debit Credit Box to me that is in the Design area of the reports?

Thanks
Kristine

Rog
08-21-2001, 07:23 AM
Hi Kristine,

Since assets and expenses are are debits these would normally show up as positive figures in reports. Likewise income and liabilities are credits and hence would show up a negative in reports. Because peachtree recognises a positive amounts as a debit and a negative amount as a credit.

So when the reverse sign box is checked it will shows revenues as a positive figure in the reports. (i.e. without the negative sign)

If the revenue figures are left with the negative sign, this might be confusing to the users of the report.

Hope this helps

Roger