5.0 Year end postings

Yahoo Archive
1
If you capture before you post the inventory count, you will need to
recapture and post or none of the adjustments will be posted to the G/L.

-----Original Message-----
From: vantage@yahoogroups.com [mailto:vantage@yahoogroups.com] On Behalf Of
Marilyn Fairchild
Sent: Wednesday, June 29, 2005 2:40 PM
To: Vantage (Vantage List)
Subject: [Vantage] 5.0 Year end postings


Hi all,

We are doing a physical inventory for year end. Our CFO wants to be sure he
is doing things in the proper order. As we understand it, we should do our
normal month end capture and post, then after that is done, we should do the
posting of the inventory count. Does that sound correct? And not being an
accounting type, I'll also ask - or does it matter what order it is done in?

Thanks much for your help.


Marilyn Fairchild
Systems Administrator
Pickwick Manufacturing Services




[Non-text portions of this message have been removed]



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2
Hi all,

We are doing a physical inventory for year end. Our CFO wants to be sure he
is doing things in the proper order.
As we understand it, we should do our normal month end capture and post,
then after that is done, we should do the posting of the inventory count.
Does that sound correct?
And not being an accounting type, I'll also ask - or does it matter what
order it is done in?

Thanks much for your help.


Marilyn Fairchild
Systems Administrator
Pickwick Manufacturing Services




[Non-text portions of this message have been removed]
3
If you did physical inventory with a date before year end you should post it before you do normal month end... because it will post in that month.

-----Original Message-----
From: vantage@yahoogroups.com [mailto:vantage@yahoogroups.com]On Behalf
Of Marilyn Fairchild
Sent: Wednesday, June 29, 2005 1:40 PM
To: Vantage (Vantage List)
Subject: [Vantage] 5.0 Year end postings


Hi all,

We are doing a physical inventory for year end. Our CFO wants to be sure he
is doing things in the proper order.
As we understand it, we should do our normal month end capture and post,
then after that is done, we should do the posting of the inventory count.
Does that sound correct?
And not being an accounting type, I'll also ask - or does it matter what
order it is done in?

Thanks much for your help.


Marilyn Fairchild
Systems Administrator
Pickwick Manufacturing Services




[Non-text portions of this message have been removed]



Useful links for the Yahoo!Groups Vantage Board are: ( Note: You must have already linked your email address to a yahoo id to enable access. )
(1) To access the Files Section of our Yahoo!Group for Report Builder and Crystal Reports and other 'goodies', please goto: http://groups.yahoo.com/group/vantage/files/.
(2) To search through old msg's goto: http://groups.yahoo.com/group/vantage/messages
(3) To view links to Vendors that provide Vantage services goto: http://groups.yahoo.com/group/vantage/links
Yahoo! Groups Links