Inventory Beginning Balances

[Vickitmson]

I have set up Peachtree Premium for Manufacturing 2005 for a start-up company.

I have created all of the inventory items but did not enter "Beginning Balances" because there were no beginning balances!

So now that I have entered all of the inventory purchases, I noticed that the Quantity on Hand and Quantity Available are not being accurately reflected in Item List Reports and in the Maintain Inventory Items screen.

In the maintain items screen it shows all zeros for the Quantity on Hand and Quantity Available.

The Item List Report shows some quantities but they do not reconcile with any of the correct quanities that are reflected in the Stock Status Reports.

The Stock Status Reports reflect the correct quantities that were input through purchases.

Can anyone explain why this is happening??

[rick Prindivill]

Backup the client's data before attempting the following.
Run Peachtree's Integrity Check from Period 1. Then run specifically, the INVENTORY / JOURNAL Data Sync Test within the Integrity Checks.

[Vickitmson]

Thank you for your tip. I have a follow up question... How do I select the Period? You said to run for Period 1 the Integrity Check and I don't see anywhere where to select the Period??

Thanks again for your help

[rick Prindivill]

Click on TASKS and then SYSTEM and CHANGE ACCOUNTING PERIOD.

[Vickitmson]

Thank you all for your tips!

However, I am still not able to reconcile the "QTY" that shows up on the "Item List" report and on the "Maintain Inventory Items" window with the actual quantites that are in the system. The Purchase Journal reflects what was input into the system as well as the Stock Status reports. So I am not sure why these two areas of the program are reflecting different amounts. The amounts don't even correlate to any particular transaction.

I am wondering if this is because I did not input a "Beginning Balance" for these items. Which doesn't make much sense because at some point in time there is not a beginning balance!

Perhaps the system is not designed to work with Start-ups??

At anyrate, if anyone else has any suggestions I would greatly appreciate it . My 30 day trial period has run out and since this is a Start-up I would like to avoid any additional charges from Peachtree :)

P.S. To answer JackCob's question. I have not changed accounting periods. I am trying to recreate two years worth of company history and have input transactions for all of those periods.