Does anyone know why the amounts shown on the report Statement of Changes in Capital Accounts are opposite of those for the same numbers in the report Statement of Changes in Equity? Isn’t the Statement of Changes in Capital Accounts just a finer breakdown of the Capital Accounts portion of the Statement of Changes in Equity?
Statement of changes in equity report is based on convention which says that debits are shown as negative amounts and credits are shown as positive amounts. This is because companies with larger assets than liabilities would have always equity in credit.
I guess you are right that
Statement of changes in capital accounts report should follow the same convention as long as capital (control) account is categorized under
Check the latest version (14.9.23) where this has been implemented.
Thanks. That certainly makes more sense.