No Not fixed
See pics below of calculation a few minutes ago. The profit calculated by different ways shows vastly different result
P&L statement
STATEMENT OF CHANGES IN EQUITY
P&L statement
STATEMENT OF CHANGES IN EQUITY
@lubos I think negative inventory is causing the issue i also have unrealistic inventory figures.
@Lubos, as @Rami_Gomaa earlier highlighted the problem is both with Inventory as @shahabb pointed out and with Suspense account.
For Inventory you need to click in the Inventory Tab one-by-one on the Total Cost and in the subsequent screen on the Recalculate button. I agree with @Rami_Gomaa that this is tedious but a must to get the value of Inventory correct.
For Suspense account, if exists, just edit one by one to clear the faulty entries. Often Bank account, Customer or Supplier and in some cases Account are not entered and need correcting.
I try to be positive about the Inventory changes as some create much more clarity about both process and result, the main caveat remains that you now have to keep recalculating manually the inventory values similar to periodic inventory systems while formerly the calculations where automatically done as expected from perpetual inventory systems. I argued this before but without performing frequent recalculations the important net Profit (Loss) and Equity figures are unreliable in both Summary screen and the related reports. For those having lots of inventory transactions in a day this is worrisome to put it mildly.
This was not needed before in the earlier versions before updates. Why need now to go through unnecessary procedure. Isn’t it a waste of time? The software should do it, why we have to do one by one?
I have made some interesting discovery relating to inventory, the pictures are self explanatory. Will @lubos explain the reason for this
I edited my post while you were posting yours, please read it again. You may notice, also in other posts, that I do not understand this direction to manual and periodic compared to instant and perpetual.
Sorry for not letting you complete the post.
Please also check my screenshot of actual production cost and the cost appearing in the inventory item!!
This issue with incosistent figures across financial statements has been resolved in the latest version (25.2.17.2099)
@Lubos So for those of us using cloud version 25.2.20.2105. How do we get our systems updated to the current one you are saying?
The Manager Cloud is almost always up-to-date automatically. Server and Desktop editions need to be updated manually.
Sometimes versions get releases so quickly within the same day that some Cloud users may have a delay in the update for some hours. In such instance you could consider restarting your Cloud instance. See How do I restart my cloud server
Sorry that version is newer than the one posted by @Lubos. Let’s explain the numbering:
25 = year 2025
2 = 2nd month
20 = 20th day
2105 = some number that has no explanation but is used to differentiate on that day.
I think the word you used to describe the process as “tedious” is too soft. The better word coming in my mind to describe it is “torturous” It took me 2 days of 5~6 hours on the job to complete it. Even then some inventory item had to be recalculated as the average cost changed mysteriously.
@lubos, to be frank, this process to do on occasional or even rare basis is almost impossible as it takes a lot of working hours. Also, the process reflect a big weakness in the system. You must find an alternative to automatically achieve the average cost of better still just one single recalculate button to update the average of all inventory items at a single “click”
In the worst scenario, I am afraid, we need an extra employee to do the process of doing re-calculate of each inventory item on a routinely daily basis to get perfect financial reports
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Very true, my inventory for one business count is 239, and I cannot imagine doing that manually. I have other businesses with over 200 items as well. If we have to manually do this, then what will be the essence of the software?. I think something should be done about this, and I don’t know why an update must always cause problems. Some of the businesses need this data every day, and there is more harm caused after the resolution. I have not been able to balance our accounts and stocks because of this. And the more time wasted on it. The more it becomes difficult for us to solve discrepancies.
I have more than 307 items which took me two days spending 5~6 hours in a sitting.
Almost an impossible task to do on a routine basis. Once is ok but occasionally or even rarely is an uphill task unless employ an additional employee
I would say “bad luck”
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It’s now possible to do it in bulk. See:
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