Direct Labor

Yahoo Archive
1
Okay, then I'm not missing anything! Thanks!

-----Original Message-----
From: Edward F. Fox, Jr. [mailto:efox@...]
Sent: Wednesday, April 16, 2003 10:14 AM
To: vantage@...
Subject: RE: [Vantage] Direct Labor


Generally you do not want to have it go to the same account. The labor
that
is applied, generally, should go to a contra account and Vantage is
setup in
this manner.

Edward F. Fox, Jr., CPA
Controller

-----Original Message-----
From: Kathy Hambleton [mailto:kbh@...]
Sent: Wednesday, April 16, 2003 10:02 AM
To: Vantage@...
Subject: [Vantage] Direct Labor


Can anyone tell me what I am missing in set-up. When a worker clocks
on/off
a job it creates a GL transaction as follows:

Debits WIP Labor
Debits WIP Overhead
Credits Applied Labor
Credits Overhead Absorption

When the employee is paid for that particular transaction Vantage debits
Applied Labor account for the department the work center is associated
with.
My problem is the Credit to Applied Labor is to the general account.
For
example:

Credits Applied Labor account 6090-00
Debits Applied Labor account 6090-08 (which is our Quality
department, and the work center the work is being performed at is
inspection.)

What I want to accomplish is to have the same account 6090-08 credited
at
the time the labor transaction is done.

I hope this all makes sense and thank you in advance!

Kathy Hambleton
Electron Energy Corporation


[Non-text portions of this message have been removed]
2
Can anyone tell me what I am missing in set-up. When a worker clocks on/off a job it creates a GL transaction as follows:

Debits WIP Labor
Debits WIP Overhead
Credits Applied Labor
Credits Overhead Absorption

When the employee is paid for that particular transaction Vantage debits Applied Labor account for the department the work center is associated with. My problem is the Credit to Applied Labor is to the general account. For example:

Credits Applied Labor account 6090-00
Debits Applied Labor account 6090-08 (which is our Quality department, and the work center the work is being performed at is inspection.)

What I want to accomplish is to have the same account 6090-08 credited at the time the labor transaction is done.

I hope this all makes sense and thank you in advance!

Kathy Hambleton
Electron Energy Corporation
3
Generally you do not want to have it go to the same account. The labor that
is applied, generally, should go to a contra account and Vantage is setup in
this manner.

Edward F. Fox, Jr., CPA
Controller
Maxson Automatic Machinery Company
Phone: 401-596-0162 x110
Fax: 401-596-1050
www.maxsonautomatic.com


-----Original Message-----
From: Kathy Hambleton [mailto:kbh@...]
Sent: Wednesday, April 16, 2003 10:02 AM
To: Vantage@...
Subject: [Vantage] Direct Labor


Can anyone tell me what I am missing in set-up. When a worker clocks on/off
a job it creates a GL transaction as follows:

Debits WIP Labor
Debits WIP Overhead
Credits Applied Labor
Credits Overhead Absorption

When the employee is paid for that particular transaction Vantage debits
Applied Labor account for the department the work center is associated with.
My problem is the Credit to Applied Labor is to the general account. For
example:

Credits Applied Labor account 6090-00
Debits Applied Labor account 6090-08 (which is our Quality
department, and the work center the work is being performed at is
inspection.)

What I want to accomplish is to have the same account 6090-08 credited at
the time the labor transaction is done.

I hope this all makes sense and thank you in advance!

Kathy Hambleton
Electron Energy Corporation



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