Any receivables and liabilities not reflected in other sections can be shown in Adjust B/S section under Balance Sheet Group.
In the upper part of the section, user can reflect increase/decrease (+/-) in Other Receivables. In our example above we increase receivables in May by paying out £1,000 to the debtor. In July debtor repays us £500.
In the Statement of Cash Flows under the line item, ‘Other Assets Collections’ we can see initial payout in May as well as receipt from the debtors in July.
On the Balance sheet we can see the increase of £1,000 in Other Current Assets in May. Subsequently, there’s decrease of £500 in July reflecting the cash receipt from other debtors.
In Other Liabilities section we can reflect any adjustments of other payables.
In the example above, we have the inflow of cash in the amount of £2,000 in May-17. Subsequently, company pays out £1,000, reducing the debt to other creditors.
Both transactions are reflected in the Statement of Cash Flows under the line item, ‘Other Current Liabilities Payments.’
On the Balance sheet, under Other Creditors section we can see the increase in Other Creditors in May. Subsequently, the payables are reduced to £1,000 reflecting the cash outflow in July.