I need some input please. I ran Dieter's reposting script to correct our
balance sheet to income statement discrepancies. I had asked if there
were any side effects, because I do read these forumns. Essentially I
was assured it would work fine.
_Fine btw meant a lot of things that I am not happy with:_
1. All monthly bank reconcilations were destroyed (painful to correct,
had to short cut this)
2. Obosolete Items are no longer obsolete, and have messed up current
invoices (wasn't a huge mess)
3. The script did not take into effect on a time basis when my state
(California) changed their basic tax rate on sales, screwing up 1800
past invoices. (painful to correct)
4. I was forced to rerun all year end closes (not a big deal)
5. COGS was severed affected... and this is the one I'm not sure how to fix.
In Dieter's defense I made an error in applying his script, I let my IT
guys just run it live, and when I started noticing things it was too
late to undo the damage. However, I feel cheated, when I buy a software
solution, and ask questions about what it is rumored to might do, and
told it'll work fine, I expect it to fix what its supposed to fix, and
not screw up anything else at all.
I've gone through every quarter since the company began, and adjusted my
inventory and cogs to the levels they were before the script was run.
The problem I have is that, my inventory today is overvalued by about
$400,000.00 I don't have any more COGS to offset that against.... Is
there a way to just make it disappear?
Jeff Kaminsky
Sr. Accountant
IX Systems
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