Why Run This Report:

  1. To view SpeedTypes with negative cash balances or positive net assets.
  2. To view account codes with abnormal balances (i.e., debit accounts with credit balances or credit accounts with debit balances).

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See a Sample Report:

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Key Notes

Tips

  • Resource Deficit refers to negative cash balances or positive net position/net asset
  • Abnormal Balances are account codes that have a backwards (or abnormal) balance

FAQs

Q: What are “normal” balances?

A: Each account type has a normal balance – a debit or credit that increases the account balance. 

  • Assets, Expenses, and Transfers Out normally have debit balances. 
    Debits show as positive numbers in your journal entries and on the financials. 
  • Revenues, Liabilities, Transfers In, and Net Position normally have credit balances. 
    Credits show as negative numbers in your journal entries and on the financials. 

See FIN How-to: Normal Debit/Credit Convention.

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