Hi, Came across a guide on complete implementation of Fixed Assets in GP and wanted to share. Check it out. Cheers. Feradh Zain. Step 1: Set up Fixed Asset Management before you add any kind of asset information Before you can add any kind of asset information to Fixed Asset Management, you must enter and […]
Hi, With regard to inventory valuation, there are many with doubts on Average Cost calculation. The following calculation will be used to calculate the average cost of an item: (Average Cost x Quantity On hand) + (New Receipt x New Receipt Quantity)/(Quantity On Hand + new receipt quantity) The Average Cost field will be locked in the Item […]
Hi everyone.. One of the most frequent issue we come across is the mismatch between GL and checkbook balance.I stumbled upon a KB article worth sharing .. Check it out. Cheer. Any of the following circumstances may cause a difference between the checkbook balance in Bank Reconciliation and the general ledger cash account. Note For more […]