On Friday 13 February 2009 11:43:12 David F. Skoll 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. > > Regards, > > David. > > --------------------------------------------------------------------------- >--- Open Source Business Conference (OSBC), March 24-25, 2009, San > Francisco, CA -OSBC tackles the biggest issue in open source: Open Sourcing > the Enterprise -Strategies to boost innovation and cut costs with open > source participation -Receive a $600 discount off the registration fee with > the source code: SFAD http://p.sf.net/sfu/XcvMzF8H > _______________________________________________ > Ledger-smb-devel mailing list > ..hidden.. > https://lists.sourceforge.net/lists/listinfo/ledger-smb-devel In the USA GAAP is not written in law, although the U.S. Securities and Exchange Commission (SEC) requires that it be followed in financial reporting by publicly-traded companies. There is no law in the USA requiring a one man shop of small business to follow GAPP. However if you are following it and a small business: Quickbooks caters to small businesses and one man shops and is a Nationaly accepted piece of software by the IRS. Therefore can be used as a reference. Quickbooks allows you to edit and resave an invoice at the users discression. There would be no need for an accounting program to behave differently. (This is an opinion but our attorney and accountant agree.) -- Cheers Turtle _________________________________________ FYI the .asc file is a digital signature see http://en.wikipedia.org/wiki/Pretty_Good_Privacy for more info.
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