Accounts Classes Comparison

This widget allows you to compare the total your accounts classes' current balances (Asset, Liability, Equity, Expense, Revenue).

Calculation

A class' current balance (meaning: balance as of today) is obtained by summing the current balances of all the accounts belonging to this class.

Settings

The account classes to be displayed can be changed by selecting another one via the dropdown list on the top of the widget.

To see the equivalent report on Quickbooks, go to >Reports then search for >Accounts List.

You will be able to customize your report (>Customise): >Account>"All Asset Accounts" or >"All Liability Account", etc.

This setting corresponds to the widget's major classification (Asset, Liability, Equity, Revenue and Expense).

Otherwise, the Balance Sheet Report at today's date can also be used for Assets, Liabilities, and Equity.

Noticeable differences with the Impac! widget

The balances of accounts in the Quickbooks report are not summed to create a class' balance.

To see the equivalent information on Xero, go to >Settings>Chart of Accounts.

You will then be able to choose the class you want to look at: >Asset, >Liabilities, etc.

Otherwise, the Balance Sheet Report at today's date can also be used for Assets, Liabilities, and Equity.

Noticeable differences with the Impac! widget

• The balances of accounts in Xero are not summed to create a class' balance
• Debit-Accounts balances are displayed negative in the widget but positive in Xero