Hi Paul It would be better to find out why the software thinks there is -1. Finding and correcting the software error is a better GAAP solution than covering up the error with another false entry.
Jeff Roberts Paul Wrightson wrote: > 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 > > > ------------------------------------------------------------------------- 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
