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Balance Sheet to be brought into line with accounting principles

Your balance sheet report doers not comply with accounting practice.  It has only "current" assets and liabilities.  The categories of fixed asset, current assets etc need to be expanded to allow for chart of account items to be placed in "Long-Term Assets" and / or "Long-Term Liabilities".  Obviously sub-totals for each and rolling into Total Assets and Total Liabilities respectively.

Comparing Statutory Accounts formats with Kashflow accounts is made more difficult because of the lack of this basic formatting.

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  • Oct 11 2019
  • Acknowledged
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