Why are assets always negative
Marcin
Member ✭✭
I created manual asset account for other assets and anything I put there shows up as negative and lowers net worth.
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Best Answer
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Try adding a "+" sign to the value amount you add to your assets.
Danny
Simplifi user since 01/22
”Budget: a mathematical confirmation of your suspicions.” ~A.A. Latimer1
Answers
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Thanks, that did the trick. Very unintuitive though.
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Not really, but sort of. Generally speaking, account registers are set up to treat amount entries as debits by default requiring some indication if an entry is meant to be a credit.
Danny
Simplifi user since 01/22
”Budget: a mathematical confirmation of your suspicions.” ~A.A. Latimer0 -
Not intuitive! Assets should default as positive values unless the negative sign is added and liabilities should default as negative.
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