Re: GAAP (was Re: Patch for serious bug in LedgerSMB 1.2.16)

[Chris Travers <..hidden..>]

On Fri, Feb 13, 2009 at 11:43 AM, David F. Skoll <..hidden..> wrote:
> Sorry if this is getting off-topic for the devel list...
>
>> BTW, these aren't just non-standard workflows.  From an accounting
>> perspective, they are wrong workflows because they break auditability.
>>  Technically, you aren't supposed to ever change a posted invoice.
>> Ever....
>
> OK.  The only reason we repost invoices is to correct typos in the description
> of line items.  What is the GAAP way to do that?  Cancel the invoice and
> make a new one?  If so, I'll ask our AP person to start doing it that way.

The gaap way to do this is to reverse the old one and create a new one.

However, if it is just typos in descriptions, why are you reposting for that?

Also this is a very specific problem which occurs when an invoice is
reposted twice, which is why it wasn't caught until quite late.

Best Wishes,
Chris Travers