Re: [SL] Multiple Entries for Same Transaction

[Rich S. <rsh...@ap...>]

On Mon, 9 Feb 2009, Rich Shepard wrote:

> When I look at the trial balance's account for interest and bank charges I
> find 4 entries of the same amount from way back in 2003 until June of last
> year. I'm running version 2.8.20 if that matters.

   Well, I upgraded to 2.8.23, but that's not important.

   As I clean up these multiple entries by deleting and recreating them I
find them added to Accounts Payable, even though there's a balancing payment
against the invoice. This doesn't make sense to me.

   Why does the A/P account show a history of invoices paid, even if the
balance is zero? Shouldn't both A/P and Current Liabilities be empty of
transactions is there are currently no unpaid invoices or the current
portion of a long-term liability?

   I need to understand this so I can get the software back in balance with
my bank statement and have it accurately reflect both what happened (which
will be in the various expense accounts so they don't need to be repeated in
the payables account, too) and where I am.

   While I'm not an accountant, I'm familiar enough with the bookkeeping and
have used business accounting software for about 2 decades now. I'd really
like to know what SL is doing.

Thanks,

Rich

-- 
Richard B. Shepard, Ph.D.               |  Integrity            Credibility
Applied Ecosystem Services, Inc.        |            Innovation
<http://www.appl-ecosys.com>     Voice: 503-667-4517      Fax: 503-667-8863