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"Adjust Inventories" year end entries

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January 23, 1998 12:00AM
Jim
The Adjust Inventories to current cost is made at year-end on your accrual books only. As you go through the year the program will make "floating" entries that value your harvested crop, growing crop and livestock inventories on your accrual books. These floating entries will show up with a * for the entry number and are used to adjust the inventory to reflect the cost on the enterprise statement. When you close the year, this floating entry is "set in stone" for that year and the entry you saw is made. A new "floating entry" is started for the new year.

I hope this helps!
R. Scott Nusbaum
Farm Works Software
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