I am looking for suggestions on how to prevent previous day postings. I do daily reconciliations of sales and COGS accounts. Everyday I am having to go back and do each day because there are changes and my numbers are no longer balanced. This has become very cumbersome to manage. Is there a setup that we are missing to stop the constant changes?
Best answer by Laura02
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+18
Hello,
Sometimes transactions take a few days to work their way through the system. Documents dated today could take a few days for approval, shipment, receipts, signatures, packaging, release and post. Humans may be out for a day or may have more work than they can finish in one day.
To compensate, Accounting has a monthly cycle.
I think, reconciling COGS less frequently, after a month is closed, or on a weekend - is one solution to consider, to ease your frustration.
Laura
+18
One more idea: COGS may still be reconciled daily, but with a delay of one week. For example, on May 19, Reconcile May 12 COGS.
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