Why does B1 display negative balance amounts for the REVENUE GL accts

I am not an accountant.
When displaying the balances for REVENUE GL accts, the numbers are negative.
I know it is correct to do so since the P&L report displays them as positive.
Is this an accounting convention?
Mike

Hi Mike,
The revenue accounts should have a credit value if everything is alright with the business and the account setup.
In Administration -> Systam Initialisation -> Company Details: Tab 'Basic Initialisation' you will find the check box 'Display Credit Balance with Negative Sign'.
By default this is checked when creating a new company in most localisations.
As it says this means that when the balance of an account shows a credit value it will be displayed as a negative. Business One makes no difference if the accounts are Balance Sheet or Profit and Loss account.
I hope this answers the question.
Jesper

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