Listed below are the areas where the transactions originated and also detailed information about the transaction. General Ledger transactions are created in many areas of manufacturing and also from inventory transaction in Dynamics GP. The “broken out” costs are used for the GL transactions of standard cost items. The “broken out” costs for these types of items can be found on the Standard Cost changes window located under Cards > Manufacturing > Inventory > Standard Cost Changes. The “total” cost for these types of items can be found in the Standard Cost field in the Item Maintenance window. Standard Cost items have a periodic valuation method. LIFO) and will it will pull out the cost of the IV Purchase receipts table when posted. The costs that the system will use are based on the Perpetual valuation method selected (FIFO vs. You can view these costs by printing the Purchase Receipts report under Report > Inventory > Activity > Purchase Receipts. The actual costs for each item are located in the Purchase receipts table (IV10200). The actual costs will be used when items are removed from inventory. To open the Item Maintenance window go to Cards > Inventory > Item. The last cost received for an item can be found in the Current Cost field on the Item Maintenance window. To open the window go to Cards > Purchasing > Vendor > Account.Īctual cost items have a perpetual valuation method. Accrued Purchases account can be set under the Vendor Account Maintenance window.To open the window go to Tool > Setup > Manufacturing > System Defaults > Costing. The Rounding Difference account can be set in the Costing Preference Defaults window.To open the window go to Cards > Manufacturing > Machines. Machine applied accounts can be set in the Machine Definition window.To open the window go to Cards > Manufacturing > Labor Codes. Labor applied accounts can be set in the Labor Code Definition window.Accounts Required for both Actual and Standard Costing ItemsĪdditional accounts necessary for both actual and standard costing are the labor and machine setup accounts, the rounding difference account, and the accrued purchases account.Inventory Accounts (for inventory adjustments, transfers, issue of materials, MO close – all items).COGS Accounts (for sales invoices – sold items).WIP Accounts (for issue/backflush of materials- MAKE items).Variance Accounts (for variances during MO Close – MAKE items).Applied – Material overhead Accounts (for receiving – BUY items).Standard Cost Revaluation Account (for standard cost revaluation function).Accounts that are used for standard cost item transaction in manufacturing are: Variance Material (for potential labor, machine and material variances)Īccount Numbers for standard cost items are set in the Item Account Maintenance Costing window. WIP (for MO close of issued/back flushed components of made items) Cost Of Goods Sold (for sales invoices) Inventory Offset (for inventory adjustments, receiving) This is dependent on the type of costing used.Īccounts that are used for actual cost item transactions in manufacturing are: What Accounts need to be setup for Manufacturing This is the Item Account Maintenance – Costing window. The 2nd window below the Item Account Maintenance window is for Manufacturing. The top window is the core accounts for Great Plains for Items. To open the Item Account Maintenance window go to Cards> Inventory > Item and then click the Account button. Manufacturing Inventory and General Ledger Transactions General Where to set up Manufacturing AccountsĪccount numbers for both actual and standard cost items and are set in the Item Account Maintenance window. For information about setting up the module, see Manufacturing Setup - Part 1: Manufacturing setup and Manufacturing Setup - Part 2: User setup. This article describes the accounts that are used in the Manufacturing module in Dynamics GP.
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