Quick VT Transaction+ Question
Laura8192
Registered Posts: 95 Epic contributor 🐘
I have recently downloaded the free trial of VT Transaction+ and Final Accounts. So far, so good, it seems easy to use and I've even raised a couple of invoices on it as well as entering journals for all my expenses to date.
My query is, why does it show sales as a negative figure? So at the moment my little tab that shows net profit is showing:
Sales -220.18 (in Red)
Expenses 1,317.36
Net loss for the year 1,097.18
I'm used to seeing losses as a minus and it is just throwing me a little bit!
Hopefully it is something that is easy to answer!
Thank you for your help :-)
My query is, why does it show sales as a negative figure? So at the moment my little tab that shows net profit is showing:
Sales -220.18 (in Red)
Expenses 1,317.36
Net loss for the year 1,097.18
I'm used to seeing losses as a minus and it is just throwing me a little bit!
Hopefully it is something that is easy to answer!
Thank you for your help :-)
0
Comments
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Hi Laura,
VT Transaction+ shows debits as positive figures and credits as negative figures. Hope this makes sense now.
Kris0 -
Yep, what Kris said.
Think accountant speak, not client-view.
Credits are minuses, debits are pluses.0 -
Ok thats alright then, just checking there was nothing wrong with my set up! Makes sense now, thank you.0
