I am closing 2018 and my ledger control and all the accounts that comprise each category to give me the GL total do not total the subsidiary ledgers. How am I supposed to function in my job in a responsible capacity if I cannot tie my subsidiary ledgers correctly to their GL counterparts? This is one of the first things our tax accountant looks for in his analysis ( as well as one of my first criteria for EOY as controller). I believe that the software should automatically take care of posting the transactions to the proper subsidiary ledgers within its AR, AP, Inventory, and MFG modules as long as we are not making general journal entries to interfere with the integrity of its processes, which I know better than to do. Where does Xtuple come up with its numbers? It frightens me as an accountant that these subsidiary ledgers do not match up. I’m certain others have had the same experience and I would love to hear how you addressed it. All I can think of right now to make our financials work is an end of year journal entry that compensates for the difference but I am loathe to do this from both an accounting standpoint as well as from a consumer standpoint. Why should I have to? We have chosen to put more money into Xtuple rather than change ERP’s and I’m really starting to regret this decision. I inherited this system a year ago and it was never a good fit at the company I work for. I have put thousands of hours into learning the minutiae of the software and I love challenges, but only challenges that can be overcome. I do not like to face a challenge that is impossible and futile. I am beginning to believe that Xtuple is incapable of functioning correctly and that I have wasted a tremendous quantity of time, as well as the company, money,
- How do you overcome the differences in subsidiary ledgers to the ledger control report?
- Do you really think this software will ever work correctly, or am I wasting time, effort, and money? Please be honest.
Thank you sincerely!