Difference Between Car Stocks and Nominal Ledger

If you have a difference between your Car Stocks and Nominal Ledger then you will need to check and do the following:

• Click on Car Sales

• Click on Reports

• Click on Month End Reports

• Click on Vehicles Stock Valuation Report

When you have printed the Stock Valuation Report, split it down to New , Used and Demo as it makes it a lot easier to find which one is out instead of looking at the report total for all of them.

If you are in a split period print the Stock Valuation Report to include 'Current Period' and add the future value onto YTD figure in nominal, see if you still have got difference, if not then it means something has posted into the wrong period and should be fairly easy to find. 

Once you have the amount that it is out by, check the nominal transactions for this value in current and future and any transactions that would add up to this value

• Check 'Dump Account' in the Nominal Ledger (NL Code 99999)
• Check for 'Out of Balance' Reports which are printed on the last page of the Nominal Update Daybooks
• Print Trial Balance and check that the 'This Period' and 'Year To Date' balances are in balance and there are no transaction mismatches on the right of the report against the nominal codes
• Check for the value on the 'Stock Valuation Report'

N: B if multi location only reconcile in single location