Trouble setting accounting period
Mike or Penny Novack
stepbystepfarm at mtdata.com
Wed Feb 5 17:52:33 EST 2014
>Yes, that will work but what Anthony, myself and others are doing is
>also correct practice. It's just that it's no longer working.
>
>Reports we want to produce are for the 'accounting period' which only
>needs to be set once per year - or at least that used to be the case
>until something broke in the past year, probably with the introduction
>of 2.6.0.
>
>I suggest you don't be quite so patronising when next you respond to a
>request for assistance.
>
>
Sorry
But maybe you will explain HOW just setting "accounting period" could
decide the date for a report in general.
Let's take Balance Sheet as our example. How does the computer (knowing
only what YEAR you want that report for) read your mind to figure out
what DAY in that year you wanted that report for.
Or take an Income Statement. Did you want that for start of year till
today (when you are running the report) or as of the end of the last
quarter a few days ago?
It is only in the very special case that you were ALWAYS running in
"real time" that you could get away with not specifying the effective
dates for a report. Now before I retired I did large financial system
software for one of the largest financials in the world. Not only were
we not always running a program in real time but some of the hardest
errors to find/correct were from when there was a real time dependency
(because does NOT reproduce until/unless you remember that and correct
for the fact that you are now running later).
Always explicitly specify dates!
Michael
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