Re: Transaction reversal - I think

[..hidden..]

don't panic it seems like you have your old system you can still use. then
worst come to worst for example in the u.s. you'll just have to pay a
penalty for filing late. that is probably still less then the fees for a
good consultant. anyhow have you checked your purchase and compare it with
your old system and may be it is fine in lsmb? please know that i had
stated in my email that the cog issue we are experiencing is with sl
(2.4.11 just now evaluating 2.8.14 and getting ready for a big step up)
and not lsmb.

as for stock level, we are heavily depended on sl and we have about a 99%
accuracy rate and we catches all mistakes at monthends. most of the errors
we have with stock level are cuased by human errors druing ap entry (i.e.
wrong partnumber, qty, & etc.).

best of luck...tim

> On Mon, 2008-05-19 at 11:48 -0700, ..hidden.. wrote:
>> if you sell tangible goods check to see the purchase/cogs are calculated
>> properly. our businese use sl and at each monthend we have to do a
>> journal
>> entry to correct cog/inventory to reflect the actual values and it is
>> typical that the values are off by 15-20%. that could be quite a bit of
>> money if you are a medium business and the irs probably isn't going to
>> like it too much...tim
>>
>
> Hmmmm - that's not good. Not being an accountant, I'd have to go through
> every transaction manually - might as well use a ledger book! What with
> no Credit Notes, no Opening Stock valuation (or indeed the facility to
> do a Stock Valuation on request), and Re-Order Points insisting on
> ordering *everything* in the data base (most parts are ordered as
> required and not kept on the shelf) and Supplier (Vendor) info
> disappearing after every Parts record edit I'm wondering if I haven't
> made a huge mistake with LSMB. My stock levels are all over the place
> (I'm having to run our old system in parallel to try and keep track of
> what's on the shelf). Our first VAT return is due in at the end of the
> month and I have no confidence in it being correct - we are in big
> trouble. Not good. Not good at all. Oh, and to cap it all the I'm
> getting duplicate invoice numbers in the sales ledger, and can't access
> the duplicate ones to rename and then reverse them. That strikes me as a
> fundamental flaw. I can see our accountants bill for End Of Year busting
> us........
>
> Is 1.3 going to fix all this stuff, and soon, or do I need to find an
> alternative - fast?
>
>
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