Capturing Costs to Invoice Detail

Yahoo Archive
1
Thanks Warren, we use Data Collection and would have missed that subtlety
until it bit us sometime.
-Todd C.

-----Original Message-----
From: Eddy, Warren [mailto:warren.eddy@...]
Sent: Friday, January 19, 2001 6:06 PM
To: 'vantage@egroups.com'
Subject: RE: [Vantage] Capturing Costs to Invoice Detail


Todd;

I'm not certain of all of the issues, but one thing I do know; starting in
version 4 the capture wip/cos freezes the labor transactions. If you are
using data collection and/or payroll once the capture has been run you
cannot change labor detail transactions, so if an employee made a mistake in
their clocking entries once the capture has been run you cannot correct it.



Warren R. Eddy

Information Services Manager

National Tube Form, LLC

An Excaliber Company

e-mail - Warren.Eddy@...

phone - 219 478-2363 ext 217

fax - 219 478-1043







-----Original Message-----
From: Todd Caughey [mailto:caugheyt@...]
Sent: Friday, January 19, 2001 5:20 PM
To: 'vantage@egroups.com'
Subject: [Vantage] Capturing Costs to Invoice Detail


This has probably been addressed before but also before we got into the

egroup...



We are having a bit of a debate as to how often we can run the Capture COS

and WIP Activity in order to update the unit costs on the invoice detail

records. I have a report which summarizes billings and costs for parts and

ranks them by margin. This gets the costs from adding up the four unit

costs fields on the invoice detail. According to the the Data Dictionary

these are updated by the "Calculate WIP/COS" which I believe to be the same

as the Capture WIP/COS.



The help screen indicates this should be run periodically such as at period

end and we do. But the report is lagging in the costs for jobs closed since

the last capture. I am proposing running it weekly with the Post to G/L

turned off except at month-end in order to get as much of the costs into the

invoice detail record as possible.



Can anyone comment on whether we can run the capture process this often or

even if this is what updates the unit cost fields? The help screen is

pretty vague on this.



Thanks,

-Todd Caughey

Harvey Vogel Mfg. Co.





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[Non-text portions of this message have been removed]
2
This has probably been addressed before but also before we got into the
egroup...

We are having a bit of a debate as to how often we can run the Capture COS
and WIP Activity in order to update the unit costs on the invoice detail
records. I have a report which summarizes billings and costs for parts and
ranks them by margin. This gets the costs from adding up the four unit
costs fields on the invoice detail. According to the the Data Dictionary
these are updated by the "Calculate WIP/COS" which I believe to be the same
as the Capture WIP/COS.

The help screen indicates this should be run periodically such as at period
end and we do. But the report is lagging in the costs for jobs closed since
the last capture. I am proposing running it weekly with the Post to G/L
turned off except at month-end in order to get as much of the costs into the
invoice detail record as possible.

Can anyone comment on whether we can run the capture process this often or
even if this is what updates the unit cost fields? The help screen is
pretty vague on this.

Thanks,
-Todd Caughey
Harvey Vogel Mfg. Co.


[Non-text portions of this message have been removed]
3
Todd;

I'm not certain of all of the issues, but one thing I do know; starting in
version 4 the capture wip/cos freezes the labor transactions. If you are
using data collection and/or payroll once the capture has been run you
cannot change labor detail transactions, so if an employee made a mistake in
their clocking entries once the capture has been run you cannot correct it.



Warren R. Eddy

Information Services Manager

National Tube Form, LLC

An Excaliber Company

e-mail - Warren.Eddy@...

phone - 219 478-2363 ext 217

fax - 219 478-1043







-----Original Message-----
From: Todd Caughey [mailto:caugheyt@...]
Sent: Friday, January 19, 2001 5:20 PM
To: 'vantage@egroups.com'
Subject: [Vantage] Capturing Costs to Invoice Detail


This has probably been addressed before but also before we got into the

egroup...



We are having a bit of a debate as to how often we can run the Capture COS

and WIP Activity in order to update the unit costs on the invoice detail

records. I have a report which summarizes billings and costs for parts and

ranks them by margin. This gets the costs from adding up the four unit

costs fields on the invoice detail. According to the the Data Dictionary

these are updated by the "Calculate WIP/COS" which I believe to be the same

as the Capture WIP/COS.



The help screen indicates this should be run periodically such as at period

end and we do. But the report is lagging in the costs for jobs closed since

the last capture. I am proposing running it weekly with the Post to G/L

turned off except at month-end in order to get as much of the costs into the

invoice detail record as possible.



Can anyone comment on whether we can run the capture process this often or

even if this is what updates the unit cost fields? The help screen is

pretty vague on this.



Thanks,

-Todd Caughey

Harvey Vogel Mfg. Co.





[Non-text portions of this message have been removed]





To unsubscribe from this group, send an email to:

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