Versions Compared

Key

  • This line was added.
  • This line was removed.
  • Formatting was changed.

...

If Ending Balance is a Calculation column type - it will compute for the amount using the above formula, regardless of account normal balance. However if Ending Balance is an Ending Balance column type, this rule applies:

  • If account has Debit normal balance, then Debit - Credit applies. Therefore in the above formula it would be Beginning Balance + Debit - Credit = Ending Balance
  • If account has Credit normal balance, it reverses the formula to be Credit - Debit. Therefore in the above formula it would be Beginning Balance + Credit- Debit = Ending Balance 

...