If this is an asset, liability or equity account, the amount shown here is the value of the account. If this is an income, expense, cost of sales, other income or other expense account, the amount shown here is the total of all activity with the account since the beginning of the current fiscal year.
For this account, you can add or change monthly account history amounts for any month in the current fiscal year prior to the conversion month. Months after the conversion month display balances based on the transactions totals. The current month’s totals update whenever the account is included in a new transaction. The annual total displays below the monthly totals.
