RE: Current balance

Greg Keys ( (no email) )
Fri, 5 Jun 1998 14:14:42 -0400

In accounting, a negative balance indicates an amount owed by the customer,
and a positive balance indicates an amount owed to the customer (as in an
overpayment or a credit) Break out the Accounting 101 book and join me in a
massive headache caused by massive confusion :)

Greg Keys

> -----Original Message-----
> From: emerald-request@iea-software.com
> [mailto:emerald-request@iea-software.com]On Behalf Of Bill Bongiorno
> Sent: Friday, June 05, 1998 2:15 PM
> To: emerald@iea-software.com
> Subject: RE: Current balance
>
>
> It shows a negative as soon as the initial invoice is issued to a
> customer.
> Before any payments were received. Unless Dale can shed some
> light on this I
> guess I'll live with positives showing negative and negatives showing
> positive. Thanks for your help.
>
>
> Bill Bongiorno
> SysTec Computer Associates, Inc.
>
> > -----Original Message-----
> > From: emerald-request@iea-software.com
> > [mailto:emerald-request@iea-software.com]On Behalf Of Josh Hillman
> > Sent: Friday, June 05, 1998 1:45 PM
> > To: emerald@iea-software.com
> > Subject: Re: Current balance
> >
> >
> > > From: Bill Bongiorno <bill@systec.com>
> > > The currency symbol in regional settings is $ as it should be.
> > All of the
> > > choices for negative number format have either brackets of a
> minus sign.
> > > What I can't understand is why it is being treated as a
> > negative, instead
> > of
> > > a positive, number.
> >
> > It will show a negative if you received more money than was
> invoiced to a
> > customer or if you have an "outstanding" invoice for a customer
> that has a
> > total amount due of something less than zero (indicating a credit).
> >
> > I don't use the Balance field in Emerald because it's not
> tracked properly
> > (at least with Emerald 2.1.11 and below). Quite a few of my
> > masteraccounts
> > have oddball balances listed for no apparent reason. I think
> > when invoices
> > are voided, for example, the balance is not readjusted. There
> > are probably
> > other things that cause the discrepencies too...
> >
> > Josh Hillman
> > hillman@talstar.com
> >
> > > > -----Original Message-----
> > > > From: emerald-request@iea-software.com
> > > > [mailto:emerald-request@iea-software.com]On Behalf Of Josh Hillman
> > > > Sent: Friday, June 05, 1998 10:13 AM
> > > > To: emerald@iea-software.com
> > > > Subject: Re: Current balance
> > > >
> > > >
> > > > > From: Bill Bongiorno <bill@systec.com>
> > > > > The amount owed by a customer shows as a bracketed (negative?)
> > amount.
> > > > This
> > > > > conflicts with page 66 of the user documentation where the
> > > > amount owed of
> > > > > 12.23 shows without brackets. Is this the way it is supposed to
> > > > be, or do
> > > > I
> > > > > have a problem? Thanks for any help.
> > > >
> > > > Go into your Control Panel on the machine running Emerald and
> > double-click
> > > > on
> > > > Regional Settings. Click on the Currency tab and change it to be
> > -$1.1
> > > > (or whatever you want).
> > > >
> > > > I don't know if you have to restart Emerald after making that
> > > > change. It's
> > > > just a display setting--not something that's stored in the database
> > > >
> > > > Josh Hillman
> > > > hillman@talstar.com
> > > >
> >
>