Map Number Sign Property
Refrain from changing the sign property on the Working trial balance. Changing this property may affect the rounding of the Jazzit financial statements. Jazzit will automatically flip the debit and credit balances where applicable. Use the Synchronize Account Properties function to ensure that all accounts in the Trial balance have the correct sign in relation to their assigned map numbers.
Ensure that all the signs are selected as follows:
Map number |
Label |
Sign |
---|---|---|
1xx.xxxx.xx |
Assets |
Debit |
2xx.xxxx.xx |
Liabilities & Equity |
Credit |
3xx.xxxx.xx |
Revenue |
Credit |
4xx.xxxx.xx |
Cost of Sales |
Debit |
5xx.xxxx.xx |
Expenses |
Debit |
8xx.xxxx.xx |
Tax & Other |
Debit |
Note: If the balances on the Jazzit financial statements are showing the wrong signs, inspect the following factors:
-
The Update sign field on import when importing from Simply Accounting was not unchecked, or;
-
The map numbers signs in the Working Trial Balance was manually changed from their defaults as indicated in the table above.