Re: [SL] How can I affect Current Earnings without Changing my net income?

[<sql...@li...>]

Did you have anybody with basic book keeping skils look at your files?
Current earnings would be the difference between expenses and income for any
given period. Also known as result.

Now if my result was off by 50k, personally I would start to wonder what is
going on. Basic sanity check:

1) Do you have more or less than expected?
2) If less, would it be possible somebody is doing something with funds that
is not entirely the way it should be? (Also known as fraud).

3) Wild guess: did you do any year-end processing at all? If not, all
results from day one till now would be seen as current earnings. At year
end, it is a good habit to add any profits to the available reserves
(equity) and start over for the new year.
If we skip that, how is SQL-Ledger to know the period for which we want to
calculate profit has ended?

HtH
Paul

2009/7/9 <je...@ix...>

> Here's my issue. Our current earnings is off by 54,300.03  its been off by
> this number for years. I'd would like to correct it, but I am not seeing
> how to affect current earnings without putting my income statement out of
> wack. I tried modifying retained earnings and using long term loans as the
> offesetting account, but it had zero effect on current earnings.
>
> Any suggestions?
>
> Jeff
>
>
> On Tue, 23 Jun 2009 20:32:40 -0400, "J.P. Possenti" <jp...@pi...> wrote:
> > Hello I had posted this in the message board on the site about 3 weeks
> > ago and no response; not sure if this is more active or not.
> >
> > So I will ask here:
> >
> > I have a number of items that when I entered into sql ledger, I picked
> > the wrong income account. When going back to editing these items, I do
> > not see all of my income accounts even though I know they exist. I know
> > this because I see them in the Chart of Accounts and when I add a new
> > item I get the full list.
> >
> > Is this a bug or is it like that for a reason?
> >
> > I can simply delete and re-add the item with the correct income account
> > but I am wondering if this will affect any reports or previous invoices
> > I made with that item. I would be keeping everything exactly alike
> > except the income account. Would this be ok?
> >
> > So bug or is it like that for a reason?
> >
> >
> > Thanks
> >
> > JP
> >
> >
>
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