This guide describes how the balance sheet is calculated in ABRA Flexi under Slovak legislation, specifically how accounts are assigned to asset and liability line items based on their type.
🔧 Accounting Entity Settings
The correct configuration affects the balance sheet print output.
The Balance Sheet report is generated based on the specified type of accounting entity.
In the menu Company - Settings - Legislation, configure the Type of Accounting Entity:
Micro accounting entity
Small accounting entity
Large accounting entity
🔧 Account Settings
Before you begin, make sure the following parameters are configured correctly:
Parameter | Meaning | Note |
Account Type | Determines whether the account is a standard, off-balance-sheet, or intra-company account. | The "Standard Chart of Accounts" defines the following types: Standard Account, Off-Balance-Sheet, Intra-Company |
Account Nature (particularly for accounts 221xxx – "bank accounts") | Determines the nature of the account in terms of the balance sheet and income statement. For bank accounts 221, it determines which section of the balance sheet the account belongs to (assets / liabilities). | The "Standard Chart of Accounts" defines the following types: Asset, Liability, Expense, Revenue, Asset + Liability (choice), Asset/Liability (based on balance). |
If the "account nature" is not filled in for accounts 221xxx, the system will prompt you to select whether to assign the account to assets (line 22) or liabilities (line 44) when calculating the balance sheet.
If the "account nature" is set to Asset, the account will automatically be assigned to assets, even if it has a negative balance.
👉 The Account Nature determines whether the account is reflected in assets, liabilities, or the income statement.
👉 The Account Type only defines the character of the account (e.g., an off-balance-sheet account is not included in the balance sheet).
⚙️ Balance Sheet Calculation Logic
When calculating the balance sheet, the system proceeds as follows:
Checks the account nature
Asset accounts → assigned to assets
Liability accounts → assigned to liabilities
Expense and revenue accounts → belong to the income statement
Considers the account type
Off-balance-sheet and intra-company accounts are not included in the balance sheet.
Distinguishes the time perspective
For example, short-term vs. long-term receivables and payables are reflected in the corresponding balance sheet lines.
🏦 Special Case – Accounts 221 xxx (Bank Accounts)
Bank accounts (e.g., 221000 – current account) can have both positive and negative balances.
It is therefore important to configure their account nature correctly:
If the account has account nature = Asset, the system will always assign it to assets, even if it has a negative balance (e.g., an overdraft).
If the account nature is not filled in, Flexi will prompt you to decide whether the account should be assigned to:
assets (line 22), or
liabilities (line 44).
📘 Balance Sheet Calculation Procedure
Open the Chart of Accounts and verify that every account has the correct type and nature filled in.
For accounts 221 xxx, set the account nature = Asset for current accounts, or Liability for bank loans.
Run the Balance Sheet Calculation.
If the system encounters an account without a defined nature, a prompt will appear asking where to assign it.
After confirmation, the system will complete the balance sheet calculation and display the amounts in both asset and liability lines.
💡 Recommendations
Fill in the account nature for all standard accounts – this will prevent the need for manual confirmation.
For overdraft accounts, consider whether you want them to always appear in assets (by setting them as Asset), or whether you want Flexi to determine their assignment based on the balance.
If in doubt, you can perform a test calculation on a copy of the accounting data to see how individual accounts will be reflected in the report.
❓ FAQ
Is it correct that accounts 07–08 are maintained as asset accounts?
Yes, these accounts are reported under assets, but their configuration is passive. The balance sheet calculation is therefore correct.