It should agree. If not, that usually means that you have a cutoff problem.
In other words, people are entering transactions impacting the prior month
after you have captured the RNI report (which must be done immediately
before processing is done the next month).
Edward F. Fox, Jr., CPA
Controller
Maxson Automatic Machinery Company
Phone 401-596-0162 . Fax 401-596-1050
<http://www.maxsonautomatic.com> www.maxsonautomatic.com
_____
From: vantage@yahoogroups.com [mailto:vantage@yahoogroups.com] On Behalf Of
Gerry Mauricio
Sent: Thursday, February 10, 2011 10:04 AM
To: vantage@yahoogroups.com
Subject: [Vantage] Fiscal RNI M/E Reporting/Reconciling question
Within our version of Vantage (8.03) when we run the RNI (Receipt Not
Invoiced) report we can choose either "dynamic" or standard. If we choose
standard we can specify the "from" and "to" dates to run from. The problem
is that in standard it does not tie to a Fiscal ME timeframe which is needed
to reconcile the sub to GL.
Is there a RNI report that be run for specific Fiscal periods? If not, how
have other companies overcome this timing issue that will always be there if
there is no way to run a true ME RNI report?
I appreciate your feedback. Thanks.
Gerry
[Non-text portions of this message have been removed]
__________ Information from ESET NOD32 Antivirus, version of virus signature
database 5861 (20110210) __________
The message was checked by ESET NOD32 Antivirus.
http://www.eset.com
[Non-text portions of this message have been removed]
In other words, people are entering transactions impacting the prior month
after you have captured the RNI report (which must be done immediately
before processing is done the next month).
Edward F. Fox, Jr., CPA
Controller
Maxson Automatic Machinery Company
Phone 401-596-0162 . Fax 401-596-1050
<http://www.maxsonautomatic.com> www.maxsonautomatic.com
_____
From: vantage@yahoogroups.com [mailto:vantage@yahoogroups.com] On Behalf Of
Gerry Mauricio
Sent: Thursday, February 10, 2011 10:04 AM
To: vantage@yahoogroups.com
Subject: [Vantage] Fiscal RNI M/E Reporting/Reconciling question
Within our version of Vantage (8.03) when we run the RNI (Receipt Not
Invoiced) report we can choose either "dynamic" or standard. If we choose
standard we can specify the "from" and "to" dates to run from. The problem
is that in standard it does not tie to a Fiscal ME timeframe which is needed
to reconcile the sub to GL.
Is there a RNI report that be run for specific Fiscal periods? If not, how
have other companies overcome this timing issue that will always be there if
there is no way to run a true ME RNI report?
I appreciate your feedback. Thanks.
Gerry
[Non-text portions of this message have been removed]
__________ Information from ESET NOD32 Antivirus, version of virus signature
database 5861 (20110210) __________
The message was checked by ESET NOD32 Antivirus.
http://www.eset.com
[Non-text portions of this message have been removed]