1 item purchased on Credit Card and invoiced to customer - card statement not received yet, so we have not entered the purchase. This one should be solved when it gets entered.
The second item is way back from 2003 when I was using SL (it was a 2.X version - I have no clue which). It looks like someone bought a disk for cash and the company sold it as part of a PC repair job. The engineer submitted the disk on an expense report - it looks like it was entered as COG-Hardware but not entered into inventory. Did SL have inventory back then?? Paul Chris Travers wrote: > > > > > This would increment the number on hand up to zero, but I am not > sure of > any GAAP repercussions!! > > > It would also associate $0 cost of goods sold with the last purchase > of the part. This may not be desirable, and might also make you pay > additional taxes since your COGS would be underreported. I would > probably not make a habit of correcting things this way. You want to > have a good idea why this is occurring. > > > Best Wishes, > Chris Travers > ------------------------------------------------------------------------ > > ------------------------------------------------------------------------- > SF.Net email is sponsored by: The Future of Linux Business White Paper > from Novell. From the desktop to the data center, Linux is going > mainstream. Let it simplify your IT future. > http://altfarm.mediaplex.com/ad/ck/8857-50307-18918-4 > ------------------------------------------------------------------------ > > _______________________________________________ > Ledger-smb-users mailing list > [email protected] > https://lists.sourceforge.net/lists/listinfo/ledger-smb-users > ------------------------------------------------------------------------- SF.Net email is sponsored by: The Future of Linux Business White Paper from Novell. From the desktop to the data center, Linux is going mainstream. Let it simplify your IT future. http://altfarm.mediaplex.com/ad/ck/8857-50307-18918-4 _______________________________________________ Ledger-smb-users mailing list [email protected] https://lists.sourceforge.net/lists/listinfo/ledger-smb-users
