Reading Financial Statements
Financial statements in Sage 50 always show the expected or most-common balance. Therefore, if an amount is normally a negative (as Accumulated Depreciation on a Balance Sheet), Sage 50 shows it as a positive (multiplies by -1). Therefore, when you read your financial statements, you can look for negative numbers as warning signs.
Negative numbers on Sage 50's financial statements mean one of two things:
- there was a posting error
- something is wrong (you had a bad month)
To catch a posting error, print the general ledger, and study it for possible mistakes.
Related topics
Ratio analysis of financial Statements
List of Sage 50 financial statements
What do you want to do next?
- Set up a rounding account for financial statements
- Display a financial statement on the screen
- Filter a report, form, or financial statement
- Print a report or financial statement
- Design a financial statement
- Copy a financial statement format from one company to another
- Learn more about the Financial Statement Design window and object tools
- Perform other report or form tasks
- Read the report selection overview