[GNC] two instances on different books
Michael or Penny Novack
stepbystepfarm at comcast.net
Wed Aug 14 16:01:18 EDT 2024
> Yes, I agree. However, there are always potential human mistakes that can occur, even with a single book. Many of those can be mitigated in various ways.
>
> For the moment, I am wondering if there are any technical reasons that simply preclude the option and make all those possible challenges moot.
>
> Cheers,
> Brook
>
Absolutely possible to make an error in a single set of books,
Especially those of us who learned in the days of pen and ink on paper
had lots of tricks to locate errors.
BUT none of those of any use to find a error of the type "transaction
should have been entered for entity 1 was mistakenly entered for entity
2". Finding THAT sort of error requires "full audit" where somebody
checks every transaction has a supporting (paper, etc?) record, in some
cases needing to go to where the record (supposedly) came from. I don't
recommend maybe needing the tools of forensic accounting to find errors.
We go there only if we suspect the error was somebody's hand in the
cookie jar.
Michael D Novack
--
There is no possibility of social justice on a dead planet except the equality of the grave.
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