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  • About Us
    • Nick Setchell – RealTime CEO
    • Vistage & TEC WorkshopsNick Setchell has been working with Vistage, the world’s largest CEO organization, since 2001.
    • NewsSee what’s happening with RealTime CEO.
    • Economic Update Report
    • Contact UsReach out to us. If you’re interested in booking Nick to give a keynote address or workshop at your conference, please include the date and location.
  • Concepts
    • Fiscal Focus Financial Statement AnalysisUnlock the hidden numbers in your P&L and balance sheet to see how you’re performing in 11 vital metrics.
    • Should We? / Can We?View, in real time, the actual financial impact of the hundreds of business decisions your team makes every month.
    • 24 Month Rolling ForecastingBlend your trailing twelve months with a rolling 12-month forecast to get a complete financial picture of your business.
    • J Curve ManagementTrack the number of investments you’re undertaking, the 3 phases of each, and the 5 rules for managing them.
    • Return on Operations – ROOView your return on operations percentage — your ROO % — the most powerful number to measure business success.
    • CEO Performance AnalysisBenchmark your performance as a private-company CEO against others in your industry.
  • Resource Center
  • Blog
  • Login
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How to make adjustments to Materials/Inventory

At year-end, it is sometimes necessary to make adjustments to the Materials Expense, and the Inventory Asset. You may have back-posted these entries in your accounting system to a month that has already been loaded into RealTime CEO.  Follow the steps below to make these adjustments to the same month in RealTime CEO, without reloading data:

  1. From the menu, select the Enter Data screen.
  2. Click the Adjust button under Prior Period Adjustments.
  3. In the Adjustment Type, select Inventory.
  4. Select the Month to adjust.
  5. Enter the Materials Amount (this is entered as an adjustment to what is already posted, so to increase Materials by $1000, enter 1000).
  6. Select the Post to account from the displayed accounts, or enter part of the account name to find it.  Only accounts tagged as Materials will display here.
  7. Click Apply.

The following explains the results shown on the Monthly Data screen of a positive adjustment entered:

  • The Materials account selected will be increased
  • Total Direct Costs will be increased
  • Net Profit will be decreased
  • The Inventory Asset will be decreased
  • Total Assets will be decreased
  • Retained Earnings will be decreased


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