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Thread: Last Year Profit and Loss is out by R-0.01

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    Last Year Profit and Loss is out by R-0.01

    When I run my trial balance, it is out of balance. When I run the data integrity it gives me an error "Last Year Profit and Loss is out by R-0.01. Account: S COD001 - Open Item out of balance"

    I have tried the conversion from Open Item to Balance Forward and back again, however it only clears the second part of the message about the account. "Last Year Profit and Loss is out by R-0.01" remains an error.

    Can someone PLEASE tell me how to fix this?

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    Diamond Member Neville Bailey's Avatar
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    It sounds like you are using Pastel.

    A data fix is required.

    If you are comfortable using the Pervasive Control Centre (PCC), you can adjust the LastProfitLossAmt value in the LedgerParameters data table.

    If not, I can assist you with the above via TeamViewer.
    Neville Bailey - Sage Pastel Accounting Consultant
    Phone: 031 521 0080 or 087 095 7895
    neville@accountingsoftwaresupport.co.za
    www.accountingsoftwaresupport.co.za
    IronTree Online Solutions

    "Give every person more in use value than you take from them in cash value."
    WALLACE WATTLES (1860-1911)

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    Francesvd (05-Dec-19)

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    Thanks, Neville. No not comfortable messing around in the data files at all I might cause more problems than I would like.

    Your assistance will be greatly appreciated.

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    Diamond Member Neville Bailey's Avatar
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    No problem - please send me an email (see my signature) with your contact details and I will call you.
    Neville Bailey - Sage Pastel Accounting Consultant
    Phone: 031 521 0080 or 087 095 7895
    neville@accountingsoftwaresupport.co.za
    www.accountingsoftwaresupport.co.za
    IronTree Online Solutions

    "Give every person more in use value than you take from them in cash value."
    WALLACE WATTLES (1860-1911)

  6. Thanks given for this post:

    Francesvd (05-Dec-19)

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    Have mailed you. Thank you so much.

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