Introduction to the Nominal Ledger and Associa - Flipbook - Page 110
Stock Audit Report
2. Variances
The most important columns on this page are the variance and write-off columns, the part
numbers listed can be checked on the stock card. These can either be corrected in P.O.S.
or journaled to the correct NL account/expense code, depending on the findings.
The second part of the report shows the following 2 sections:
1. Nominal posting summary.
This is a summary of the parts/surcharges received into stock for this day only.
It also lists any values that are being posted to parts audit variance or write-off for this day.
(The causal part numbers being listed on page 1).
2. Nominal Reconciliation Summary
This shows the current values in the accounts listed and any variances to date.
The left column shows the actual values in After-sales and the middle column shows the
values in the Nominal Ledger.
Any difference between the two will be displayed as a variance value in the right-hand
column.
It is important to note that any variances will accumulate unless they are corrected as they
appear. Accumulated variances become much harder to identify because it may not be clear
what individual values that you are searching for.
Page 110
