-=> Quoting Brian Hillis to Chuck Thompson <=-
 
 BH> Original Message From CHUCK THOMPSON To ROBERT SCHOENERT...
 
 CT>ú All you need to do is to enter the correction as a fresh entry on 
whatever
 CT>ú date you want the entry to record.  I haven't researched it, but I
 CT>ú assume that the previously entered transactions can always be changed
 BH> 
 BH> I think the issue being debated here is not whether you can or
 BH> can't change a posted entry in Quicken, but whether or not you
 BH> should be ALLOWED to..., and Quicken definitely ALLOWS you to.
 BH> Although convenient, this is contrary to proper accounting
 BH> practise, and an auditor (for example) would never be able to
 BH> use your Quicken records as the basis for an audit, as there is
 BH> no way of proving whether or not any records were changed.
 
 Brian --
 
 If you have an audit requirement that demanding, I doubt that you
 should use Quicken in the first place, which was my line of thinking.
 However, I've used a number of accounting systems where entries
 could be changed, and the period "rerun" -- I'm not an auditor but
 most auditors I know do their own calculations and check computerized
 figures against the original sources (i.e., compare actual checks against
 the amounts entered in the computer).  Seems to me that changing entries
 to correct errors might even help an audit?
 
 
 Cheers................................  c h u c k
 
 
 
 
 
 BH>
 BH> For the "home user" or small business person, Quicken is a
 BH> terrific money-management program..., but it should NEVER be
 BH> used in place of a proper accounting package (such as
 BH> QuickBooks or Bedford) by anyone who may have a legal
 BH> requirement of their record-keeping process.  
 BH> 
 BH> Cheers...., Brian        EMail:  bhillis@pro-mail.com
 BH> Web:  http://www.pro-mail.com
 BH> Fido:  1:250/1004
 BH> 
 BH> * 1st 2.00 #11111bt * <------ Poker anyone..????  I have THIS many
 BH> aces! 
 BH> -!- QScan/PCB v1.19b / 01-0150
 BH>  ! Origin: Pro-Mail Communications - Toronto Canada (1:250/1004)
 
 
 
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