CenterPoint® Accounting - Adjust Current Portion Long Term Debt Transactions - Duration: 12 min

Current Portion Long Term Debt Document

 

Learn how to adjust the current portion of long-term debt in CenterPoint. Adjust Long Term Debt transactions calculate the amount of your long-term debt that should be in the current liabilities section of your Balance Sheet and creates a General Journal Entry transaction to move it there – making the process of maintaining an accurate Balance Sheet easier.