You can now quickly identify the status of an account using the small coloured indicator. A description of the status will show when hovering over this indicator.
There are 4 different types of account status.
- New Account - this account has recently been added in the source accounting system.
- Updated Account - this account has recently changed in the source accounting system. For example, the account name or account type/classification has been updated.
- Archived Account - this account is listed as 'archived' or 'inactive' in the source accounting system. By default, archived accounts will not be shown in your financial reports and Excel reports.
- Reclassify Account Warning - Fathom recognises that this account's classification is unusual. On the Profit & Loss, this status will appear when an 'Income' account has been classified as an 'Expense', or vice-versa. On the Balance Sheet, this status will appear when accounts are reclassified between Assets, Liabilities and Equity.