Brett Wuth at 05:42, 11 April 2019

Brett Wuth — Thu, 11 Apr 2019 05:42:16 GMT

←Older revision		Revision as of 05:42, 11 April 2019
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-	As a general rule, if you find you're ever creating "adjusting entries", we should stop and try to think of another way. Such adjusting entries are a sign that the books aren't accurate. Almost always we can find a way to be accurate and not need an adjusting entry. People inspecting books will likely see adjusting entries as a red flag. If we ever do have to use them, they should be heavily documented, explaining why they are there and why ~~there~~ no other way of bookkeeping could be used. I would expect to see a paragraph of text explanation.	+	As a general rule, if you find you're ever creating "adjusting entries", we should stop and try to think of another way. Such adjusting entries are a sign that the books aren't accurate. Almost always we can find a way to be accurate and not need an adjusting entry. People inspecting books will likely see adjusting entries as a red flag. If we ever do have to use them, they should be heavily documented, explaining why they are there and why no other way of bookkeeping could be used. I would expect to see a paragraph of text explanation.

Brett Wuth: New page: As a general rule, if you find you're ever creating "adjusting entries", we should stop and try to think of another way. Such adjusting entries are a sign that the books aren't accurate. ...

Brett Wuth — Thu, 11 Apr 2019 05:41:27 GMT

New page: As a general rule, if you find you're ever creating "adjusting entries", we should stop and try to think of another way. Such adjusting entries are a sign that the books aren't accurate. ...

New page

As a general rule, if you find you're ever creating "adjusting entries", we should stop and try to think of another way. Such adjusting entries are a sign that the books aren't accurate. Almost always we can find a way to be accurate and not need an adjusting entry. People inspecting books will likely see adjusting entries as a red flag. If we ever do have to use them, they should be heavily documented, explaining why they are there and why there no other way of bookkeeping could be used. I would expect to see a paragraph of text explanation.

Book Keeping Task/Adjusting entries - Revision history

Brett Wuth at 05:42, 11 April 2019

Brett Wuth: New page: As a general rule, if you find you're ever creating "adjusting entries", we should stop and try to think of another way. Such adjusting entries are a sign that the books aren't accurate. ...