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

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

Yes, we have someone with basic book keeping skills. No we have not found
anything to suggest why it keeps occurring every year for the same amount.
What we do know is that this amount has been off since 2004 maybe 2003. Its
an error that occurred many years ago.

1. Current Earnings is 50k, more than expected.
2. We do not suspect fraud.
3. We have done several year end closes. 2002 was off my 17k, 2003 was off
by I think 53k, and its been the same number every year. 

I'm not concerned so much why we are off by 53k, we believe its an error
that was created in the system during one of the version upgrades. I want
to make Current Earnings match our Income Statement (As in, if I the only
way to do it, is to manipulate the database, then tell me how, and I'll do
it)

thoughts on how to fix it?

Jeff



On Fri, 10 Jul 2009 22:30:10 +0200, sql...@li...
wrote:
> 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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