Non-Current Liabilities account

Non-Current Liabilities are financial obligations which the repayment is not within the fiscal year. It includes long-term loan, deferred tax liabilities, the bond payable, etc. (Please check with your accountant on the account classification). Non-current liabilities are also known as Long-term liabilities or term liabilities, depending on the reporting standard which the accounting software has adopted. For example, Intuit QuickBooks accounting software uses long-term liabilities, whereas MoneyWorks uses term liabilities.

Term Liabilities

MoneyWorks has a built-in report writer which allows to create or amend the report. Assuming you want to change the Balance Sheet’s Term Liabilities section header to Non-Current Liability, you open the Balance Sheet report in the Report Designer, scroll to the Term Liabilities section header and amend it.

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Save the amended report into the Custom Plug-ins folder, and then sign (to grant access) and upload it to the MoneyWorks Datacentre server.

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You may not have the necessary programming skill to rewrite the formula and codes, but changing the report label shouldn’t be too difficult. Alternatively, you may export the report to a spreadsheet and amend it.

Consult a MoneyWorks consultant in your area if you are having a problem editing the report.

Sign up a free demo if you like to find out more about how MoneyWorks helps in managing your business finance.

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