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inventory and payables not balance - Printable Version

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inventory and payables not balance - meisam - 06-21-2013

hello!!!

I just found out that the amount of my accounts payable in trial balance and balance sheet are equal, but not the same with the amount in supplier balance at a period end.

example is this:
balance sheet amount - 500,000
trial balance amount - 500,000
Supplier balance at period end - 590,000


I also found out that amount of my inventory/stock in trial balance and balance sheet are equal, but not the same with the amount in inventory valuation report.

example is this:
balance sheet amount - 500,000
trial balance amount - 500,000
Inventory valuation report - 590,000

The figures i gave were not the actual...
Will you please help me solve this one..

thank you in advance...




RE: inventory and payables not balance - MacPhotoBiker - 06-21-2013

I'm not sure about this particular problem, but just a generic thought: In the trial balance, you can click on each account, and then see detailed transactions on this account. If you didn't do so already, this may help you to track down the error.


RE: inventory and payables not balance - meisam - 06-21-2013

MacPhotoBiker,

Ok, I will try to look at it.
Hopefully I can see what is the cause of this.
I've been trying to figure out what is the problem because the difference is such a material amount.


RE: inventory and payables not balance - MacPhotoBiker - 06-21-2013

meisam,

I even believe that every mistake is material, even if tiny. It's an accounting system, and we all need correct values.

There's no real "bug free" software, but be assured that webERP is being very actively developed, and there's also a great community solving issues as they arise.

As for your current problem, let us know about your findings. If you can't figure it out, best would be you could let us know what exactly which steps you performed, and which result you expected.


RE: inventory and payables not balance - meisam - 06-21-2013

thank you macPhotoBiker..

Ill let you know about the result.
I'm glad you showed interest with my question...


RE: inventory and payables not balance - MacPhotoBiker - 06-21-2013

You are very welcome, meisam. I'm just a user as you are, and the forum is a great platform for exchange. I've been helped here many times, too.