Hello,

Based on IFRS and GAAP rules, for the balance sheet to represent the true view of the company's financial situation, all the customer accounts with credit balances (i.e. prepayments, overpayments) should be moved to liabilities in the balance sheet. Of course, rules are more complex than the above statement but this situation I want to explore. 

I want my credit customer accounts my vendor accounts to be shown in balance sheet depending on the account balance - or as asset or a liability. 

Is there any way I can achieve that without doing manual journal entries at the end of the month?

Thank you in advance for the advice.

Regards,

PJ