Balance Sheet Liabilities
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hdwolters
Member ✭
Hello, my balance sheet or net worth reports shows some liabilities as a negative number and some as a positive number so the math ends up being wrong. Credit Card shows negative and mortgage shows positive, and therefore my liabilities show less than they should.
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Best Answer
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The situation here is unclear.Are you a long-time user where your mortgage has always appeared properly on your balance sheet previously but suddenly switched from presenting as red negative numbers to black positive numbers? That certainly shouldn't happen and it's unlikely that you've overpaid a mortgage in a significant amount.Or is this mortgage one that you've just set up in Quicken and you're seeing this incorrect presentation? That suggests setup error of some sort, though it's difficult to understand how that would happen.5
Answers
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Your liabilities should be negative unless you've over paid a debt. I suggest you reconcile the account registers with the statements obtained from the financial institution.0
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The situation here is unclear.Are you a long-time user where your mortgage has always appeared properly on your balance sheet previously but suddenly switched from presenting as red negative numbers to black positive numbers? That certainly shouldn't happen and it's unlikely that you've overpaid a mortgage in a significant amount.Or is this mortgage one that you've just set up in Quicken and you're seeing this incorrect presentation? That suggests setup error of some sort, though it's difficult to understand how that would happen.5
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