We are looking into Transfer Orders to move inventory from plant to plant.
I understand the process for Transfer Orders, Transfer Shipments, Transfer Receipts but is there an AP/AR type of piece to transfer orders?
Or is it simply an inventory move. What is there is a transfer cost that is different than the inventory cost? How is that handled?
JOE ROJAS
Epicor Applications Manager
VENTION MEDICAL
A NORDSON COMPANY
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STRONGLY suggest you research GL CONTROL TYPE - PLANT TRANSFER as to the various GL Accounts required that must be in place for each site, as well as “other” set-up requirements, but this is the prime-starting point…
Then bundle the set-up requirements to your understanding; other set-up and Epi-procedures of ‘transfer processing steps’.
Considerations include PLANT COST ID (different per plant), especially if you are standard costing.
Transfer costs (if one division is making money off the other) when materials move… ? Price lists?
You might also define a non-default AR and AP GL Control to be aligned to the parties on either side of the AR/AP to provide inter-site visibility for Finance to audit (reveal details of AR and AP transactions summarized in unique accounts).
Quite true, you can get the details in an umber of ways, but properly set-up… a finance person can review the AP due site-to-site, measured against the reverse… AR due site-to-site and then manage a GL adjusting entry quite efficiently.
If you look at the part master there is also an internal price field that is separate from the sales price field.
The cost rollup process has a cost plus option to calculate interdivisional pricing. It will add X percent to the cost and put that new number in the internal price field.
