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Book value (Read 1047 times)
Juan
Ex Member
Book value
04/24/03 at 06:42:54  
We change the average cost of an item from 3. to zero, and recaculated the book value. The report said that acct# 9999 was reduced by $13. We are now trying to make the manual entry in GL but don't know where to do it every accnt in the GL is balance. Can anyone help?
Thx
JI
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David Waldmann
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Re: Book value
Reply #1 - 04/24/03 at 08:43:24  
There should be no need to make an adjustment unless #9999 is you clearing account, in which case you'll need to determine what account it was supposed to be posted to, and change it in GL-P.
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David N Waldmann
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Lynn_Pantic
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Re: Book value
Reply #2 - 04/24/03 at 09:40:44  
Recalculate book value makes no gl posting but it tells you the GL Account associated with the item class that had the value adjusted.  Typically you would make a balanced GJ entry between that account and COGS.
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Lynn Pantic
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