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NSC | How is Contra Account Sheet SuiteApp different vs other Financial Reports?
On a Standard General Ledger report or Account Register, users customize the details to add the split column (this is the contra account) . When analyzing an account with contra accounts, the Split column has a value of -Split- and users need to open the transaction to be able to check the accounts, instead users can utilize Contra Account Sheet SuiteApp.
Here is an illustration:
Let's say for example a Journal Entry is created for a Long Term Liability with multiple Contra Accounts:
In this example Long Term liability is charged to two bank accounts.
In the account, register the Accounts are not in details and is indicated by
Patrick Fresnosa | Advanced Accounting | SRP | Ask a Guru
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