From: Deirdre Sykes
Sent: Monday, April 04, 2016 9:51 PM
To: 'vantage@yahoogroups.com'
Subject: RE: [Vantage] Clear WIP Monthly
We are on 9.05.702A
WIP cost clears when the parts have been shipped or put into inventory but cost will remain if your actual cost is greater or less than the inventory cost relating to the shipment or inventory receipt. The only way to get the cost to move from the WIP report is to close out the job under Job Management – Job Closing. When the job closes the system will Debit/Credit – WIP and Debit/Credit – variance account set-up.
Deirdre Sykes | Finance Supervisor
GSI Technologies, LLC | 311 Shore Drive | Burr Ridge, IL 60527
dsykes@...<mailto:dsykes@...> | Phone: 630.590.8112 | Fax: 630.325.8197
Celebrating 30 Years of Excellence!
Like us on Facebook: [facebook] <https://www.facebook.com/pages/GSI-Technologies/624368870969219> Click: [linkedin] <http://www.linkedin.com/company/2690732?trk=vsrp_companies_cluster_name&trkInfo=VSRPsearchId%3A176974291386194698817%2CVSRPtargetId%3A2690732%2CVSRPcmpt%3Acompanies_cluster> and [followlinkedin] <http://www.linkedin.com/company/gsi-technologies?trk=company_name> us on Linked-In
From: vantage@yahoogroups.com<mailto:vantage@yahoogroups.com> [mailto:vantage@yahoogroups.com]
Sent: Monday, April 04, 2016 6:46 PM
To: vantage@yahoogroups.com<mailto:vantage@yahoogroups.com>
Subject: [Vantage] Clear WIP Monthly
Hi All,
I understand EPICOR will clear WIP once the Job production quantity has been transacted to inventory or shipped from the Job for example.
However, does anyone have any insight into clearing WIP as part of a month end closing process?
We would like to clear our Job WIP at the end of each period.
Anyone have any thoughts?
Thanks you in advance,
CONFIDENTIALITY: The information contained in this email message, including any attachment(s), may be privileged and confidential and protected from disclosure. The email is not intended for transmission to, or receipt by, any unauthorized persons. If the reader of this message is not the intended recipient, or an employee or agent responsible for delivering this message to the intended recipient, you are hereby notified that any dissemination, distribution, or copying of this communication or use of the information contained herein is strictly prohibited. If you have received this electronic mail transmission in error, please delete it from your system without copying or disseminating, and notify the sender by Reply email, so that our address record can be corrected.
[Non-text portions of this message have been removed]
Sent: Monday, April 04, 2016 9:51 PM
To: 'vantage@yahoogroups.com'
Subject: RE: [Vantage] Clear WIP Monthly
We are on 9.05.702A
WIP cost clears when the parts have been shipped or put into inventory but cost will remain if your actual cost is greater or less than the inventory cost relating to the shipment or inventory receipt. The only way to get the cost to move from the WIP report is to close out the job under Job Management – Job Closing. When the job closes the system will Debit/Credit – WIP and Debit/Credit – variance account set-up.
Deirdre Sykes | Finance Supervisor
GSI Technologies, LLC | 311 Shore Drive | Burr Ridge, IL 60527
dsykes@...<mailto:dsykes@...> | Phone: 630.590.8112 | Fax: 630.325.8197
Celebrating 30 Years of Excellence!
Like us on Facebook: [facebook] <https://www.facebook.com/pages/GSI-Technologies/624368870969219> Click: [linkedin] <http://www.linkedin.com/company/2690732?trk=vsrp_companies_cluster_name&trkInfo=VSRPsearchId%3A176974291386194698817%2CVSRPtargetId%3A2690732%2CVSRPcmpt%3Acompanies_cluster> and [followlinkedin] <http://www.linkedin.com/company/gsi-technologies?trk=company_name> us on Linked-In
From: vantage@yahoogroups.com<mailto:vantage@yahoogroups.com> [mailto:vantage@yahoogroups.com]
Sent: Monday, April 04, 2016 6:46 PM
To: vantage@yahoogroups.com<mailto:vantage@yahoogroups.com>
Subject: [Vantage] Clear WIP Monthly
Hi All,
I understand EPICOR will clear WIP once the Job production quantity has been transacted to inventory or shipped from the Job for example.
However, does anyone have any insight into clearing WIP as part of a month end closing process?
We would like to clear our Job WIP at the end of each period.
Anyone have any thoughts?
Thanks you in advance,
CONFIDENTIALITY: The information contained in this email message, including any attachment(s), may be privileged and confidential and protected from disclosure. The email is not intended for transmission to, or receipt by, any unauthorized persons. If the reader of this message is not the intended recipient, or an employee or agent responsible for delivering this message to the intended recipient, you are hereby notified that any dissemination, distribution, or copying of this communication or use of the information contained herein is strictly prohibited. If you have received this electronic mail transmission in error, please delete it from your system without copying or disseminating, and notify the sender by Reply email, so that our address record can be corrected.
[Non-text portions of this message have been removed]