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Re: Stocktaking

1 item purchased on Credit Card and invoiced to customer - card statement not received yet, so we have not entered the purchase. This one should be solved when it gets entered.
The second item is way back from 2003 when I was using SL (it was a 2.X version - I have no clue which). It looks like someone bought a disk for cash and the company sold it as part of a PC repair job. The engineer submitted the disk on an expense report - it looks like it was entered as COG-Hardware but not entered into inventory. Did SL have inventory back then?? 
Paul

Chris Travers wrote:





    This would increment the number on hand up to zero, but I am not
    sure of
    any GAAP repercussions!!
It would also associate $0 cost of goods sold with the last purchase of the part. This may not be desirable, and might also make you pay additional taxes since your COGS would be underreported. I would probably not make a habit of correcting things this way. You want to have a good idea why this is occurring. 


Best Wishes,
Chris Travers
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