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

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

A few questions:
Is your trial balance in balance?
You say that your income is out of whack- is the balance sheet out of  
whack?
Normaly two accounts would be off as debits equals credits. Unless a  
transaction is dated in the future.

Sent from my phone


On Jul 9, 2009, at 1:49 PM, <je...@ix...> wrote:

> 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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