EESA
25 days agoExperienced Cover User
Incorrect coding of stock purchases and sales
Some of our inventory cards were set up incorrectly when a new product was purchased and entered . Instead of being coded to purchases it was coded to opening stock. The same has happened with sales, they have been also been coded to opening stock.
Looking at the general ledger for Opening stock, I see the incorrect entries but the amounts are different to the amounts on the bills and invoices.
How do I correct this? Can I simply journal the figures in the ledger to purchases and sales.?