Hello Hasan,

I want to know how you can prevent somebody from passing a regular entry in an account meant for STAT Journal and how can you prevent error in reporting subsequently if this would occur?

Is keeping a different set of accounts for eg 8 or 9 series account the only way? Also, choosing the account qualifier as Asset or Liability would not really help to prevent the error - but it only prevents the error occuring in the income statement.

Thanks,

Arun

If some one has entered an actual functional dollar amount in an
account that was meant for actual STAT currency amounts, lets say
account number 9000, then you would not want that number not to appear your reports. Your month end reports would display that account. That is
how wrong entries are caught. For example your balance sheet report
would display $400 in your 9000 account. You would then need to fix this problem: reverse the functional currency amounts and enter a STAT journal instead.
Rule of thumb: All asset, liability, and earnings accounts should be included in Balance Sheet report. All Revenue, Expense accounts should be included in Income Statement report. No account should be absent to prevent leaks.