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.