Are there examples of transactions that can be done in the first week of a new month posting into a previous month that could or should be allowed.
I am implementing all of our other divisions to Epicor and keep hearing that other ERPs allow this and we have never done it.
Thanks for any insights.
Greg
Epicor allows it too…it all depends on your Earliest Apply Date setting. Our standard protocol: I bump it to the first of the month as soon as I finish the final Capture COS/WIP at monthend. After that, the only time it gets changed is if there’s a GL adjustment required…in those cases, the controller will change the EAD to a prior period, make the adjustment and then set it back to the first of the current month.
That is what we do also. I auto set everything but GL to the first day of the new month and GL to the last day of the previous month. They want to bill the last shipments on Monday and other missed AP post backwards.
ah…we don’t do module-level stuff…we just slam the door shut… 
If monthend’s on a weekend, I manually run the Generate Shipment Invoices task (little if any activity, largely a Mon-Fri operation), do the last Capture COS/WIP and then flip the EAD.
Our month end schedule is controlled by Finance and each department has a deadline after month end to make sure everything is entered before their EAD is set. For example, Manufacturing and Payroll have until the Tuesday after the end of the month to have all labor entries finalized, Sales/Shipping have one day to have everything shipped and invoiced, etc. Once those deadlines are passed, COS/WIP is captured and the EAD is set to the new month for everyone except GL entries.
It’ll vary from company to company…depends how involved one’s processes are. Our production team gets everything in at the end of the last shift, the jobs get closed and then it’s Capture COS/WIP time. In our case, our jobs are fairly simple - usually 4 or 5 components and 1 resource to run it on.
We are so driven by revenue that I think not having a sales number until Monday would drive a lot of drinking.
We are 4-4-5, so ME is always Saturday. We ship until 1 PM, then invoice post, capture and are done.
Are you also doing shipments and production activity in the current month on Monday, but you only capture thru the ME or Saturday for us?
We don’t pause any transactions or activity at month end: on the first of the month (we’re just calendar months) everyone enters transactions in real time like normal. The capture is done through the month end and all the financial reporting just looks at the closed/closing month and ignores anything with a date in the current month.
Ditto…our management and salespeople expect their sales reports to hit their inboxes on the morning of the 1st…as do our production managers with their efficiency/waste reports. It’s the nature of the beast.