Balance Sheet Format in Express Accounts Posted February 1, 2014 I'm new to Express Accounts and attempting to do my Chart of accounts. When I bring up the Balance Sheet report The layout seems to be different from any other accounting package I have worked with. It nets the asset by subtracting the liability from the Asset total. I was taught that the Asset total = liabilities + equity Am I doing something incorrectly with my set up. Thank you Carolyn
Balance Sheet Format
in Express Accounts
Posted
I'm new to Express Accounts and attempting to do my Chart of accounts.
When I bring up the Balance Sheet report
The layout seems to be different from any other accounting package I have worked with.
It nets the asset by subtracting the liability from the Asset total.
I was taught that the Asset total = liabilities + equity
Am I doing something incorrectly with my set up.
Thank you
Carolyn