Hi everyone, I did a quick check of inventory on hand. We are an IT shop and carry very little in inventory (if we need it, we go and buy it). I have two parts that LS says I have -1 (negative one) on hand. We have not sold that part for a couple of years and we have none in stock.
I would like to get these parts "adjusted out" but I am wondering what is the best way - both in LS and in accounting (I am NOT an accountant). My solution would be to set up a "stocktaking discrepancies" vendor and to purchase these items for $0. This would increment the number on hand up to zero, but I am not sure of any GAAP repercussions!! Any help would be greatly appreciated. Thanks Paul ------------------------------------------------------------------------- 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
