Sage 100

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Setting Up Contra-Assets

Posted By CindySomers over 7 years ago

How do you set up a contra-asset? Do you have a Category for Contra-Assets, or do you use the Category of Assets and have an Account Type of Contra-Asset? If so, how do you create a Contra-Asset so that the normal balance for the assigned GL accounts will be Debit balances?

0 CindySomers over 7 years ago

Sage has no Contra-Asset account categories. If you don't want these to show up on the GL Exception Report as Debit Accounts with Credit Balances, then you just have to exclude those account numbers from your report.
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Sage 100

Setting Up Contra-Assets

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