quote:
Originally posted by daves: Removing incorrect entries from accounting records is not considered a bad thing in accounting practice. …
Hmm - I have to dissagree with you on that one. Anyways that is alsways what I have learned. I do know that there is a difference between Therory and “how it works in real life”
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Originally posted by daves: What is important is not that an incorrect entry cannot be erased, but that the detail that makes up the totals is available for auditing to validate its correctness.
This time, I do agree with you. However, try this senario: (Customer nos. and chart of account comes from Cronus USA, Inc.) 1. A/R Clerc are misposting a Payment for Customer 10000 2. Balance Sheet are printed for the auditor 3. A/R Clerc realizes 1 hour later, that (s)he misposted the recieved check. 4. Run your version of unapply 5. Post correct payment for Customer 31505050 6. Print Account Statement for these accounts 13100 (Customers, Domestic) and 13200 (Customers, Foreign). 7. Auditor askes, how come that the two accounts don’t match the Balance sheet… Again - A very extreme example, but when doing a date compress (which you don’t do for G/L entries, anyways 
), will show ‘Date compressed’ - and you have an explanation (And a backup from before you did it
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Originally posted by daves: What is important is the result is correct and gives an accurate picture of the activity of the business.
Agree //Henrik Helgesen -: KISS::Keep it Simple, Stupid :-