RE: Current balance

Dale E. Reed Jr. ( (no email) )
Fri, 5 Jun 1998 12:00:10 -0700 ()

On Fri, 5 Jun 1998, Greg Keys wrote:

> 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 :)

Thats how we were going to do Emerald 2.5, but decided on the
opposite. A negative is a credit and a positive is a balance
owed.

> 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
> > > > >
> > >
> >
>
>

Dale E. Reed Jr. (daler@iea-software.com)
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