IP4IT Staff
asked on
Liabilities Summary appears above Assets Summary on Net Worth Graph
In QuickBooks when I view my “Net Worth Graph” over the years it has always displayed a bar chart with a green coloured bar above the 0 line depicting “Assets Summary” and a Maroon coloured bar below the 0 line depicting “Liabilities Summary”, then in the centre there would be line graph depicting “Net Worth”.
However, today I noticed that the maroon “Liabilities Summary” is appearing on top of the green “Assets Summary” . I.E., both are above the 0 line, first the “Assets Summary” and then directly on top of that the “Liabilities Summary” which should be a cost and therefore below the 0 line.
I have attached an image to help explain, the first two months are ok, the last two months you will see the Liabilities on top of the Assets.
Any help?
Please.
Thank you,
Robbie.
NetworthGraphError.png
However, today I noticed that the maroon “Liabilities Summary” is appearing on top of the green “Assets Summary” . I.E., both are above the 0 line, first the “Assets Summary” and then directly on top of that the “Liabilities Summary” which should be a cost and therefore below the 0 line.
I have attached an image to help explain, the first two months are ok, the last two months you will see the Liabilities on top of the Assets.
Any help?
Please.
Thank you,
Robbie.
NetworthGraphError.png
ASKER CERTIFIED SOLUTION
membership
This solution is only available to members.
To access this solution, you must be a member of Experts Exchange.
SOLUTION
membership
This solution is only available to members.
To access this solution, you must be a member of Experts Exchange.
Keep in mind when you review that losses are liabilities and income is an asset that reduces liabilities.
ASKER
Thank you. With end of year business I didn't get to look at this yet. I would like to leave the question open until I get a chance to work on this next week.
robbiebreslin circling back, did you ever resolve this?
ASKER
Hi Katie Pierce+
To be honest I never got backt it. Its something that I see happening the odd time even thought our bank account is in a healthy status at that time .I will look into
it and get back to you.
Thanks again
To be honest I never got backt it. Its something that I see happening the odd time even thought our bank account is in a healthy status at that time .I will look into
it and get back to you.
Thanks again
We both gave you good information so please close the question because it started last year.
ASKER
Now I just need a little bit of time to look into your suggestions.
I will report back.
Thank you very much.