Prior post of separating debit and credit transactions on the Balance Sheet
I previously asked a question about how to separate debit and credit transactions on a Balance Sheet. I have since received another answer from another individual which is a simple solution. The secret was to use the Balance Sheet Detail report and go to customize and filter and just click Debit and Credit and Balance, instead of just amount.
Prior post of separating debit and credit transactions on the Balance Sheet
Yes, they would be to the same account. It was a non-profit organizations where some income accounts were designated as liabilities - donations were received and then paid out. They did not always equal the same in some months, so It's nice to have a total of the amounts received and the amounts paid out separated and totaled rather than having to add the expenses separately. For example, the following sample:
Prior post of separating debit and credit transactions on the Balance Sheet
Okay! In my haste to reply to the previous reply, I did my debits and credits backwards so figured the balance incorrectly. I know for a current liability account - the debits are expenses and the credits are income. My point is it's nice to get a total of each debit and credit at the end of the month and not have to manually add them from the balance column where debits and credits were posted together with the balance at the end.
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