I think Job costs flow to Cost Of Sales when the job is shipped.
________________________________
From: vantage@yahoogroups.com [mailto:vantage@yahoogroups.com] On Behalf
Of Tom Ketterer
Sent: Friday, 21 August 2009 3:26 AM
To: vantage@yahoogroups.com
Subject: [Vantage] When do job costs post in Vantage 8.0?
Hi all - I have been seeing varying results in when job costs actually
hit the general ledger. The Vantage user manual states that the Capture
COS/WIP Activity process will caclulate the Cost of Sales and WIP
amounts based on the jobs that are set to "Closed" in the system. I
have some jobs that seem work this way and I also have other jobs that
end up showing in Cost of Sales when the job isn't closed as well. The
jobs in this second category seem to be jobs that are built with a main
job and then components flowing in from other jobs that are tied to it.
I realize that every install of Vantage is different and everyone has
their own way of doing this but is there any way to find out what cost
will post from which jobs, when this happens and what the 'triggers' are
for this. It almost appears to be that when a packing slip is generated
the costs can start to flow, even if the job is not completed or closed.
We don't close our jobs until about 30 day after completion to ensure
all costs get billed to the job for late or unusual items (duties,
brokerage, etc.) It is currently causing a lot of extra work to make
sure the costs are being posted in the same month we invoice and
recognize the revenue.
Thanks
Tom
[Non-text portions of this message have been removed]
[Non-text portions of this message have been removed]
________________________________
From: vantage@yahoogroups.com [mailto:vantage@yahoogroups.com] On Behalf
Of Tom Ketterer
Sent: Friday, 21 August 2009 3:26 AM
To: vantage@yahoogroups.com
Subject: [Vantage] When do job costs post in Vantage 8.0?
Hi all - I have been seeing varying results in when job costs actually
hit the general ledger. The Vantage user manual states that the Capture
COS/WIP Activity process will caclulate the Cost of Sales and WIP
amounts based on the jobs that are set to "Closed" in the system. I
have some jobs that seem work this way and I also have other jobs that
end up showing in Cost of Sales when the job isn't closed as well. The
jobs in this second category seem to be jobs that are built with a main
job and then components flowing in from other jobs that are tied to it.
I realize that every install of Vantage is different and everyone has
their own way of doing this but is there any way to find out what cost
will post from which jobs, when this happens and what the 'triggers' are
for this. It almost appears to be that when a packing slip is generated
the costs can start to flow, even if the job is not completed or closed.
We don't close our jobs until about 30 day after completion to ensure
all costs get billed to the job for late or unusual items (duties,
brokerage, etc.) It is currently causing a lot of extra work to make
sure the costs are being posted in the same month we invoice and
recognize the revenue.
Thanks
Tom
[Non-text portions of this message have been removed]
[Non-text portions of this message have been removed]