Inventory/WIP Reconciliation

Yahoo Archive
1
Michelle-

Although we don't use Product Groups, Vantage works in the following
manner with respect to product costs:

1. Pack Slip creation: DEBIT A/R Clearing Account CREDIT
Inventory
2. Invoice creation: DEBIT COGS CREDIT
A/R Clearing Account

The A/R clearing account only serves the purpose to ensure all pack
slipped goods have been invoiced/posted (when I review the Inventory/WIP
Reconcilation report at month-end, I make sure that the debits = credits
in the A/R Clearing account). I have a feeling that you are using your
"A/R Trade" account number as your "A/R Clearing" account number in your
configuration setup.

I hope this helps. Let me know if you have any questions.



Thanks!



Rick Ludwig



-----Original Message-----
From: vantage@yahoogroups.com [mailto:vantage@yahoogroups.com] On Behalf
Of Michelle de la Vega
Sent: Tuesday, June 14, 2005 10:01 AM
To: vantage@yahoogroups.com
Subject: [Vantage] Inventory/WIP Reconciliation


Sometimes (Not Always) when we create a sales order with the proper
product groups then ship the inventory the cost hits AR Trade instead of
the correct G/L account which is set up in the product group. But then
when we invoice this shipment, the cost moves from AR Trade to the
correct G/L account. Does anyone know what causes this?

I am truly stumped.

Thanks,

Michelle de la Vega
Business Applications Manager
Cold Jet, LLC
513-831-3211 ext 400
513-831-1209 fax
www.ColdJet.com




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



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[Non-text portions of this message have been removed]
2
Sometimes (Not Always) when we create a sales order with the proper
product groups then ship the inventory the cost hits AR Trade instead of
the correct G/L account which is set up in the product group. But then
when we invoice this shipment, the cost moves from AR Trade to the
correct G/L account. Does anyone know what causes this?

I am truly stumped.

Thanks,

Michelle de la Vega
Business Applications Manager
Cold Jet, LLC
513-831-3211 ext 400
513-831-1209 fax
www.ColdJet.com




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