Accounts Payable - Received but not Invoiced report

I have found that the best way to reconcile this account is:
* Reconcile it as close to period-end as possible: you can't back
date the necessary reports/info so the longer you leave it, the more
out will be your reconcilliation.
* The balance on AP Clearing is made up of TWO figures:
1. The first is the total of the Received Not Invoiced Report
2. The second is the total of Invoiced Not Received entries. This
happens when AP Invoices are entered with Unreceived Lines, and those
lines still have not been matched with receipts. There is no report
showing this figure (that I am aware of). I get it by opening
Invoice/Receipt Match, pulling in all entries, then totaling the
column "Base Ext Cost".

* One problem with the above is if you have unposted AP Invoices with
Received Lines. Because the Receipt is matched with an invoice, it
doesn't appear on the Received Not Invoiced Report. But because the
invoice is not posted, the COS/WIP Update entries have not been
posted to AP Clearing.

Generally, I have found that AP Clearing looks after itself and even
if you can't reconcile it, it IS correct. I have never been able to
reconcile it properly when I have unposted AP invoices (though I do
get very close), but I have gotten it out when I have no such
invoices.


Hope this helps.

Nigel.
We are running Vantage 8.00.811B with Progress database. I am trying to generate a report to support the dollar amount that shows on the trial balance for the Accrued Payables account (I think this is the account that captures the Purchase Order cost of items recieved that haven't yet been invoiced.)Â
I thought I had found the relevant report when I located the AP report - Received but not Invoiced. When I tried to run this for month end, I couldn't get the amount on the report to agree to the trial balance amount.
Can anyone tell me if this is the correct report to generate support for the Accrued Payables account? If it is, any ideas on why it doesn't agree to the trial balance amount (time sensitive, cut off related issues, exchange rate variance possibly?). If it isn't - does anyone have any suggestions on how to create such a report?
Thanks.
Tom Ketterer, CAA
Director of Finance
Standard Machine


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If I recall received but not invoiced goes in your AP Clearing account.
Look at your setup files to determine which account you have defined for
your AP Clearing account.



Todd



From: vantage@yahoogroups.com [mailto:vantage@yahoogroups.com] On Behalf
Of Tom Ketterer
Sent: Wednesday, May 07, 2008 2:04 PM
To: vantage@yahoogroups.com
Subject: [Vantage] Accounts Payable - Received but not Invoiced report



We are running Vantage 8.00.811B with Progress database. I am trying to
generate a report to support the dollar amount that shows on the trial
balance for the Accrued Payables account (I think this is the account
that captures the Purchase Order cost of items recieved that haven't yet
been invoiced.)
I thought I had found the relevant report when I located the AP report -
Received but not Invoiced. When I tried to run this for month end, I
couldn't get the amount on the report to agree to the trial balance
amount.
Can anyone tell me if this is the correct report to generate support for
the Accrued Payables account? If it is, any ideas on why it doesn't
agree to the trial balance amount (time sensitive, cut off related
issues, exchange rate variance possibly?). If it isn't - does anyone
have any suggestions on how to create such a report?
Thanks.
Tom Ketterer, CAA
Director of Finance
Standard Machine

__________________________________________________________
Be a better friend, newshound, and
know-it-all with Yahoo! Mobile. Try it now.
http://mobile.yahoo.com/;_ylt=Ahu06i62sR8HDtDypao8Wcj9tAcJ

[Non-text portions of this message have been removed]





[Non-text portions of this message have been removed]
Yes, the Received but not Invoiced report is the report that should
agree with you AP Clearing Account in the GL. This is a time
sensitive report that needs to be generated BEFORE doing any AP entry
or receipts for the next month.

Dawn

--- In vantage@yahoogroups.com, "Todd Hofert" <todd@...> wrote:
>
> If I recall received but not invoiced goes in your AP Clearing
account.
> Look at your setup files to determine which account you have
defined for
> your AP Clearing account.
>
>
>
> Todd
>
>
>
> From: vantage@yahoogroups.com [mailto:vantage@yahoogroups.com] On
Behalf
> Of Tom Ketterer
> Sent: Wednesday, May 07, 2008 2:04 PM
> To: vantage@yahoogroups.com
> Subject: [Vantage] Accounts Payable - Received but not Invoiced
report
>
>
>
> We are running Vantage 8.00.811B with Progress database. I am
trying to
> generate a report to support the dollar amount that shows on the
trial
> balance for the Accrued Payables account (I think this is the
account
> that captures the Purchase Order cost of items recieved that
haven't yet
> been invoiced.)
> I thought I had found the relevant report when I located the AP
report -
> Received but not Invoiced. When I tried to run this for month end,
I
> couldn't get the amount on the report to agree to the trial balance
> amount.
> Can anyone tell me if this is the correct report to generate
support for
> the Accrued Payables account? If it is, any ideas on why it doesn't
> agree to the trial balance amount (time sensitive, cut off related
> issues, exchange rate variance possibly?). If it isn't - does
anyone
> have any suggestions on how to create such a report?
> Thanks.
> Tom Ketterer, CAA
> Director of Finance
> Standard Machine
>
> __________________________________________________________
> Be a better friend, newshound, and
> know-it-all with Yahoo! Mobile. Try it now.
> http://mobile.yahoo.com/;_ylt=Ahu06i62sR8HDtDypao8Wcj9tAcJ
>
> [Non-text portions of this message have been removed]
>
>
>
>
>
> [Non-text portions of this message have been removed]
>
You also need to make sure that you post all of your open AP Invoice
Entry Groups before the end of the month.



Chris



_____

From: vantage@yahoogroups.com [mailto:vantage@yahoogroups.com] On Behalf
Of ctgsfinance
Sent: Wednesday, May 07, 2008 11:52 AM
To: vantage@yahoogroups.com
Subject: [Vantage] Re: Accounts Payable - Received but not Invoiced
report



Yes, the Received but not Invoiced report is the report that should
agree with you AP Clearing Account in the GL. This is a time
sensitive report that needs to be generated BEFORE doing any AP entry
or receipts for the next month.

Dawn

--- In vantage@yahoogroups.com <mailto:vantage%40yahoogroups.com> ,
"Todd Hofert" <todd@...> wrote:
>
> If I recall received but not invoiced goes in your AP Clearing
account.
> Look at your setup files to determine which account you have
defined for
> your AP Clearing account.
>
>
>
> Todd
>
>
>
> From: vantage@yahoogroups.com <mailto:vantage%40yahoogroups.com>
[mailto:vantage@yahoogroups.com <mailto:vantage%40yahoogroups.com> ] On
Behalf
> Of Tom Ketterer
> Sent: Wednesday, May 07, 2008 2:04 PM
> To: vantage@yahoogroups.com <mailto:vantage%40yahoogroups.com>
> Subject: [Vantage] Accounts Payable - Received but not Invoiced
report
>
>
>
> We are running Vantage 8.00.811B with Progress database. I am
trying to
> generate a report to support the dollar amount that shows on the
trial
> balance for the Accrued Payables account (I think this is the
account
> that captures the Purchase Order cost of items recieved that
haven't yet
> been invoiced.)
> I thought I had found the relevant report when I located the AP
report -
> Received but not Invoiced. When I tried to run this for month end,
I
> couldn't get the amount on the report to agree to the trial balance
> amount.
> Can anyone tell me if this is the correct report to generate
support for
> the Accrued Payables account? If it is, any ideas on why it doesn't
> agree to the trial balance amount (time sensitive, cut off related
> issues, exchange rate variance possibly?). If it isn't - does
anyone
> have any suggestions on how to create such a report?
> Thanks.
> Tom Ketterer, CAA
> Director of Finance
> Standard Machine
>
> __________________________________________________________
> Be a better friend, newshound, and
> know-it-all with Yahoo! Mobile. Try it now.
> http://mobile.yahoo.com/;_ylt=Ahu06i62sR8HDtDypao8Wcj9tAcJ
<http://mobile.yahoo.com/;_ylt=Ahu06i62sR8HDtDypao8Wcj9tAcJ>
>
> [Non-text portions of this message have been removed]
>
>
>
>
>
> [Non-text portions of this message have been removed]
>





[Non-text portions of this message have been removed]
Thanks everyone for the help. I have confirmed the AP clearing account as set up in the AP configuration is teh account I am looking at. Now I just have to work on getting everyone to complete all the correct steps at month end to be able to rely on the report. Thanks. Tom


----- Original Message ----
From: Chris Wallace <chris@...>
To: vantage@yahoogroups.com
Sent: Wednesday, May 7, 2008 1:01:12 PM
Subject: RE: [Vantage] Re: Accounts Payable - Received but not Invoiced report


You also need to make sure that you post all of your open AP Invoice
Entry Groups before the end of the month.

Chris

_____

From: vantage@yahoogroups .com [mailto:vantage@yahoogroups .com] On Behalf
Of ctgsfinance
Sent: Wednesday, May 07, 2008 11:52 AM
To: vantage@yahoogroups .com
Subject: [Vantage] Re: Accounts Payable - Received but not Invoiced
report

Yes, the Received but not Invoiced report is the report that should
agree with you AP Clearing Account in the GL. This is a time
sensitive report that needs to be generated BEFORE doing any AP entry
or receipts for the next month.

Dawn

--- In vantage@yahoogroups .com <mailto:vantage% 40yahoogroups. com> ,
"Todd Hofert" <todd@...> wrote:
>
> If I recall received but not invoiced goes in your AP Clearing
account.
> Look at your setup files to determine which account you have
defined for
> your AP Clearing account.
>
>
>
> Todd
>
>
>
> From: vantage@yahoogroups .com <mailto:vantage% 40yahoogroups. com>
[mailto:vantage@yahoogroups .com <mailto:vantage% 40yahoogroups.. com> ] On
Behalf
> Of Tom Ketterer
> Sent: Wednesday, May 07, 2008 2:04 PM
> To: vantage@yahoogroups .com <mailto:vantage% 40yahoogroups. com>
> Subject: [Vantage] Accounts Payable - Received but not Invoiced
report
>
>
>
> We are running Vantage 8.00.811B with Progress database. I am
trying to
> generate a report to support the dollar amount that shows on the
trial
> balance for the Accrued Payables account (I think this is the
account
> that captures the Purchase Order cost of items recieved that
haven't yet
> been invoiced.)
> I thought I had found the relevant report when I located the AP
report -
> Received but not Invoiced. When I tried to run this for month end,
I
> couldn't get the amount on the report to agree to the trial balance
> amount.
> Can anyone tell me if this is the correct report to generate
support for
> the Accrued Payables account? If it is, any ideas on why it doesn't
> agree to the trial balance amount (time sensitive, cut off related
> issues, exchange rate variance possibly?). If it isn't - does
anyone
> have any suggestions on how to create such a report?
> Thanks.
> Tom Ketterer, CAA
> Director of Finance
> Standard Machine
>
> ____________ _________ _________ _________ _________ _________ _
> Be a better friend, newshound, and
> know-it-all with Yahoo! Mobile. Try it now.
> http://mobile. yahoo.com/ ;_ylt=Ahu06i62sR 8HDtDypao8Wcj9tA cJ
<http://mobile. yahoo.com/ ;_ylt=Ahu06i62sR 8HDtDypao8Wcj9tA cJ>
>
> [Non-text portions of this message have been removed]
>
>
>
>
>
> [Non-text portions of this message have been removed]
>

[Non-text portions of this message have been removed]




____________________________________________________________________________________
Be a better friend, newshound, and
know-it-all with Yahoo! Mobile. Try it now. http://mobile.yahoo.com/;_ylt=Ahu06i62sR8HDtDypao8Wcj9tAcJ

[Non-text portions of this message have been removed]
We had an issue balancing but was able to balance basically making
sure the system is set up correct (ap clearing account), entering the
invoices pertaining to receipts properly (qty and price to clear off
the receipt) and timing in that run it at the end of day for the last
day of the month. That is critical unless you have a tight grip on
your receiving department.

--- In vantage@yahoogroups.com, "Chris Wallace" <chris@...> wrote:
>
> You also need to make sure that you post all of your open AP Invoice
> Entry Groups before the end of the month.
>
>
>
> Chris
>
>
>
> _____
>
> From: vantage@yahoogroups.com [mailto:vantage@yahoogroups.com] On
Behalf
> Of ctgsfinance
> Sent: Wednesday, May 07, 2008 11:52 AM
> To: vantage@yahoogroups.com
> Subject: [Vantage] Re: Accounts Payable - Received but not Invoiced
> report
>
>
>
> Yes, the Received but not Invoiced report is the report that should
> agree with you AP Clearing Account in the GL. This is a time
> sensitive report that needs to be generated BEFORE doing any AP
entry
> or receipts for the next month.
>
> Dawn
>
> --- In vantage@yahoogroups.com <mailto:vantage%40yahoogroups.com> ,
> "Todd Hofert" <todd@> wrote:
> >
> > If I recall received but not invoiced goes in your AP Clearing
> account.
> > Look at your setup files to determine which account you have
> defined for
> > your AP Clearing account.
> >
> >
> >
> > Todd
> >
> >
> >
> > From: vantage@yahoogroups.com <mailto:vantage%40yahoogroups.com>
> [mailto:vantage@yahoogroups.com <mailto:vantage%
40yahoogroups.com> ] On
> Behalf
> > Of Tom Ketterer
> > Sent: Wednesday, May 07, 2008 2:04 PM
> > To: vantage@yahoogroups.com <mailto:vantage%40yahoogroups.com>
> > Subject: [Vantage] Accounts Payable - Received but not Invoiced
> report
> >
> >
> >
> > We are running Vantage 8.00.811B with Progress database. I am
> trying to
> > generate a report to support the dollar amount that shows on the
> trial
> > balance for the Accrued Payables account (I think this is the
> account
> > that captures the Purchase Order cost of items recieved that
> haven't yet
> > been invoiced.)
> > I thought I had found the relevant report when I located the AP
> report -
> > Received but not Invoiced. When I tried to run this for month
end,
> I
> > couldn't get the amount on the report to agree to the trial
balance
> > amount.
> > Can anyone tell me if this is the correct report to generate
> support for
> > the Accrued Payables account? If it is, any ideas on why it
doesn't
> > agree to the trial balance amount (time sensitive, cut off related
> > issues, exchange rate variance possibly?). If it isn't - does
> anyone
> > have any suggestions on how to create such a report?
> > Thanks.
> > Tom Ketterer, CAA
> > Director of Finance
> > Standard Machine
> >
> > __________________________________________________________
> > Be a better friend, newshound, and
> > know-it-all with Yahoo! Mobile. Try it now.
> > http://mobile.yahoo.com/;_ylt=Ahu06i62sR8HDtDypao8Wcj9tAcJ
> <http://mobile.yahoo.com/;_ylt=Ahu06i62sR8HDtDypao8Wcj9tAcJ>
> >
> > [Non-text portions of this message have been removed]
> >
> >
> >
> >
> >
> > [Non-text portions of this message have been removed]
> >
>
>
>
>
>
> [Non-text portions of this message have been removed]
>
We are still implementing, but there must be a way to write a report that will report the balance as of any point in time. Otherwise, you have a serious internal control issue.

The base report from Epicor relies on the invoiced status in the receiving detail table. That will be updated as soon as the receiving is invoiced. So, yes, the canned report will be problematic. You should be able to write a report, though, which relies on an outer join to the invoice detail table. You could select any records from receiving where the receipt date is less than or equal to the cutoff date and (where the invoice date is null or where the invoice date is in excess of your cutoff date).

I haven't done this yet, but I know I will need to at some point.

Thom Rose
Controller
Electric Mirror, LLC
T 425 776-4946 ext. 1024
F 425 491-8200
A 11831 Beverly Park Road, Building D, Everett, WA 98204 USA
www.electricmirror.com<http://www.electricmirror.com/>
Note: The information contained in this e-mail, including any attachments, is legally privileged and confidential. If you are not the intended recipient you are hereby notified that any reading, use or dissemination of this message is strictly prohibited. If you have received this message in error, please immediately notify us by telephone at 425-776-4946 and delete this message from your system. Even though this e-mail and any attachments are believed to be free of any virus or other defect that might affect any computer system into which it is received and opened, it is the responsibility of the recipient to ensure that it is virus free, and no responsibility is accepted by Electric Mirror LLC for any loss or damage arising in any way from its use. www.electricmirror.com<http://www.electricmirror.com>

From: vantage@yahoogroups.com [mailto:vantage@yahoogroups.com] On Behalf Of Tom Ketterer
Sent: Wednesday, May 07, 2008 12:10 PM
To: vantage@yahoogroups.com
Subject: {Disarmed} Re: [Vantage] Re: Accounts Payable - Received but not Invoiced report


Thanks everyone for the help. I have confirmed the AP clearing account as set up in the AP configuration is teh account I am looking at. Now I just have to work on getting everyone to complete all the correct steps at month end to be able to rely on the report. Thanks. Tom

----- Original Message ----
From: Chris Wallace <chris@...<mailto:chris%40altairusa.com>>
To: vantage@yahoogroups.com<mailto:vantage%40yahoogroups.com>
Sent: Wednesday, May 7, 2008 1:01:12 PM
Subject: RE: [Vantage] Re: Accounts Payable - Received but not Invoiced report

You also need to make sure that you post all of your open AP Invoice
Entry Groups before the end of the month.

Chris

_____

From: vantage@yahoogroups .com [mailto:vantage@yahoogroups .com] On Behalf
Of ctgsfinance
Sent: Wednesday, May 07, 2008 11:52 AM
To: vantage@yahoogroups .com
Subject: [Vantage] Re: Accounts Payable - Received but not Invoiced
report

Yes, the Received but not Invoiced report is the report that should
agree with you AP Clearing Account in the GL. This is a time
sensitive report that needs to be generated BEFORE doing any AP entry
or receipts for the next month.

Dawn

--- In vantage@yahoogroups .com <mailto:vantage% 40yahoogroups. com> ,
"Todd Hofert" <todd@...> wrote:
>
> If I recall received but not invoiced goes in your AP Clearing
account.
> Look at your setup files to determine which account you have
defined for
> your AP Clearing account.
>
>
>
> Todd
>
>
>
> From: vantage@yahoogroups .com <mailto:vantage% 40yahoogroups. com>
[mailto:vantage@yahoogroups .com <mailto:vantage% 40yahoogroups.. com> ] On
Behalf
> Of Tom Ketterer
> Sent: Wednesday, May 07, 2008 2:04 PM
> To: vantage@yahoogroups .com <mailto:vantage% 40yahoogroups. com>
> Subject: [Vantage] Accounts Payable - Received but not Invoiced
report
>
>
>
> We are running Vantage 8.00.811B with Progress database. I am
trying to
> generate a report to support the dollar amount that shows on the
trial
> balance for the Accrued Payables account (I think this is the
account
> that captures the Purchase Order cost of items recieved that
haven't yet
> been invoiced.)
> I thought I had found the relevant report when I located the AP
report -
> Received but not Invoiced. When I tried to run this for month end,
I
> couldn't get the amount on the report to agree to the trial balance
> amount.
> Can anyone tell me if this is the correct report to generate
support for
> the Accrued Payables account? If it is, any ideas on why it doesn't
> agree to the trial balance amount (time sensitive, cut off related
> issues, exchange rate variance possibly?). If it isn't - does
anyone
> have any suggestions on how to create such a report?
> Thanks.
> Tom Ketterer, CAA
> Director of Finance
> Standard Machine
>
> ____________ _________ _________ _________ _________ _________ _
> Be a better friend, newshound, and
> know-it-all with Yahoo! Mobile. Try it now.
> http://mobile. yahoo.com/ ;_ylt=Ahu06i62sR 8HDtDypao8Wcj9tA cJ
<http://mobile. yahoo.com/ ;_ylt=Ahu06i62sR 8HDtDypao8Wcj9tA cJ>
>
> [Non-text portions of this message have been removed]
>
>
>
>
>
> [Non-text portions of this message have been removed]
>

[Non-text portions of this message have been removed]

__________________________________________________________
Be a better friend, newshound, and
know-it-all with Yahoo! Mobile. Try it now. http://mobile.yahoo.com/;_ylt=Ahu06i62sR8HDtDypao8Wcj9tAcJ

[Non-text portions of this message have been removed]



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