On Wed, 10 Sep 2008 08:07:28 -0700, Chris Travers wrote:
> Here is a little more context-- to do an initial setup, I would
> suggest the following steps:
> 
> 1)  Create a generic vendor for the initial vendor import (we do this
> in 1.3 already because inventory adjustments upward hit that vendor)
> 
> 2)  Create a vendor invoice for everything you have on-hand.  Pay that
> invoice out of an asset account.
> 
> 3)  GL adjustment to all appropriate accounts.

Could you expand on 3) a bit? 

After paying the vendor invoice in 2), What would the expected GL
adjustment be?

Thanks,
Jeff


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