This is strictly just for comparing to what my current company does. But does anyone know what percentage their average General Journal postings are by month?
What does that mean in English?
How many GJ are done for miscellaneous corrections.
Allocations of Expenses to various departments.
Payroll adjustment because payroll is separate from Epicor.
I am sure that there are many GJ’s done that could be handled with standard functionality, but either the finance person doesn’t trust the process or they were trained to do GJ.
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That one.
@klincecum , basically does accounting use the system for their postings or do they do a bunch of manual postings that the system could do for them.
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That is a really good question and a really good measure if the system is not setup correctly from a gl perspective.
Then there is the “This is how I’ve always done it” factor.
A bit like excessive qty adjustments.
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Oh, you want to talk about quantity adjustments?
My CFO insists on not doing a Return Material transaction when there is excess material on a job. Instead, they do a quantity adjustment and then a cost adjustment (if necessary).
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