[moneydance] Help !! Please tell me I'm crazy !! or dumb or..

[Ruth Harris]

Fuzzy Fox is correct. What you are seeing in Moneydance is a fairly 
widespread practice in commercial accounting packages - the use of the 
"reverse sign" function. It does not change the underlying data, nor its 
entry; what it does is display a negative number for the account's 
positive balance. That is, if you use the reverse sign function on a 
liability account which is typically a credit balance, it will display a 
negative number assuming that the account actually has a credit balance. 
If the liability account has a debit balance, the number will show as 
positive.

Ruth

Fuzzy Fox wrote:
> Katahdin <MoneyDance at intermod.net> wrote:
>   
>> First, a simple lesson in accounting. Moneydance uses the double
>> entry method of accounting. This means that there is a link between
>> accounts, so when money goes somewhere, one account should increase
>> and another should decrease.
>>     
>
> I don't see how what you've described above is contradictory to what
> I've said, or how Moneydance works.
>
> Asset accounts normally have positive balances, Liabilities normally
> have negative.
>
> When your asset increases in value, it does so at the expense of a
> liability account.  When the asset goes up $1000, the liability goes
> down, by -$1000.  This is exactly what I described in my previous
> message, but you seem to be trying to say that it's wrong.  Can you
> point out the flaw?
>
>