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Can I combine short term and long term liability?
LeaseCrunch software requires short and long-term liabilities to have unique GL account numbers.
In the Journal Entry report, the short-term portion of the liability is automatically calculated and disaggregated from the long-term liability to provide GAAP compliance.
If you report using an unclassified Balance Sheet, the short-term and long-term liabilities can be combined outside of LeaseCrunch software.