Hi everyone! Have you ever had an issue with an amount showing negative/positive on a report when it should be the opposite? If so, you should double check the account categories descriptions.
There are 48 default GL Account Categories in GP. While you can change the account category description for any of these, GP will always recognize the account category by the default Account Number in the GL00102 table for many reports. This would include Management Reporter, along with Advanced Financial Analysis. This is very important to remember if you want to change the Account Category description(s) for any reason.
Reports that pull the account information will use the default category to determine if the account is revenue, expense, or a debit or credit in the balance sheet. Changing account category 5 (Inventory) descriptions to Sales category for example, would cause a reporting issue. Since the default for this category is Inventory, it would see it as a typical Debit Balance Sheet Account instead of a typical Credit Profit & Loss account.
The first 48 categories are static, so remember to use caution if you need to change the description.
Note that you can always add additional categories in this window if needed. If you find your reports showing a negative/positive balance when it should be the opposite, this could very well be the cause.
I hope you find this useful,
Adam G.