AP Clearing adjustment

Yahoo Archive
1
Yep. If it is an expense like supplies the difference goes to the
account referenced on the purchase order... if the PO is for say raw
material a "part" then the difference goes to purchase price variance.
Now if you buy something directly to a work order to either material or
sub contract the difference goes directly to the work order. We have
this as a little problem because they create "parts" for stuff that
isn't inventory - stuff they want to track for purchasing codes. This
just makes it very important to get the price right in the PO when you
are creating it.



________________________________

From: vantage@yahoogroups.com [mailto:vantage@yahoogroups.com] On Behalf
Of ctgsfinance
Sent: Thursday, September 13, 2007 3:50 PM
To: vantage@yahoogroups.com
Subject: [Vantage] Re: AP Clearing adjustment



Stephanie,
What do you mean by "part"? So, where the difference goes depends on
how the purchase order is set up -- inventory, job material, etc.?
Where can I get more information on this?
Dawn Balinski

--- In vantage@yahoogroups.com <mailto:vantage%40yahoogroups.com> ,
"Geary, Stephanie" <sgeary@...> wrote:
>
> The .50 goes to purchase price variance if it is a purchase of
a "part"
> - if it is other kinds of purchases it going to the account number
the
> original 5.00 goes to... if it is expense it goes to that account
but if
> it is for inventory it goes to purchase price variance.
>
>
>
> ________________________________
>
> From: vantage@yahoogroups.com <mailto:vantage%40yahoogroups.com>
[mailto:vantage@yahoogroups.com <mailto:vantage%40yahoogroups.com> ] On
Behalf
> Of ctgsfinance
> Sent: Friday, September 07, 2007 8:30 AM
> To: vantage@yahoogroups.com <mailto:vantage%40yahoogroups.com>
> Subject: [Vantage] Re: AP Clearing adjustment
>
>
>
> I have a question on the same topic (Accrued A/P). If we receive
> something in at $5 and the invoice comes in for $5.50, how can we
get
> the $.50 difference to go through the Purchase Price Variance
account?
>
> Dawn Balinski
> Commercial Tool & Die, Inc.
>
> --- In vantage@yahoogroups.com <mailto:vantage%40yahoogroups.com>
<mailto:vantage%40yahoogroups.com> ,
> "Manasa Reddy" <manasa@> wrote:
> >
> > Yep, it was last month, so I will go down the path of the dummy
> invoice.
> >
> >
> >
> > Thanks to all who responded!
> >
> >
> >
> >
> >
> >
> >
> > M. Manasa Reddy
> >
> > manasa@
> >
> > P: 630-806-2000
> >
> > F: 630-806-2001
> >
> > ________________________________
> >
> > From: vantage@yahoogroups.com <mailto:vantage%40yahoogroups.com>
<mailto:vantage%40yahoogroups.com>
> [mailto:vantage@yahoogroups.com <mailto:vantage%40yahoogroups.com>
<mailto:vantage%
40yahoogroups.com> ] On
> Behalf
> > Of Geary, Stephanie
> > Sent: Thursday, September 06, 2007 8:20 AM
> > To: vantage@yahoogroups.com <mailto:vantage%40yahoogroups.com>
<mailto:vantage%40yahoogroups.com>
> > Subject: RE: [Vantage] AP Clearing adjustment
> >
> >
> >
> > If it is in the same month you can delete the receipt but if it
was
> in a
> > prior month it will mess up your balances at month end.
> >
> > ________________________________
> >
> > From: vantage@yahoogroups.com <mailto:vantage%40yahoogroups.com>
<mailto:vantage%40yahoogroups.com>
> <mailto:vantage%40yahoogroups.com>
> > [mailto:vantage@yahoogroups.com <mailto:vantage%40yahoogroups.com>
<mailto:vantage%40yahoogroups.com>
> <mailto:vantage%
> 40yahoogroups.com> ] On
> > Behalf
> > Of Randy Lunsford
> > Sent: Thursday, September 06, 2007 9:16 AM
> > To: vantage@yahoogroups.com <mailto:vantage%40yahoogroups.com>
<mailto:vantage%40yahoogroups.com>
> <mailto:vantage%40yahoogroups.com>
> > Subject: RE: [Vantage] AP Clearing adjustment
> >
> > This may be too simplistic, but just delete the receipt. If that
> > doesn't work, enter an invoice to the vendor and attach the
receipt
> and
> > then adjust out the invoice through A/P.
> >
> > Randall Lunsford
> >
> > Excel Machinery, Ltd.
> > e-mail: rlunsf@ <mailto:rlunsf%40excelmach.com>
> > <mailto:rlunsf%40excelmach.com>
> > Phone: (806) 335-4565 ext. 531
> > Fax: (806) 335-9017
> >
> > ________________________________
> >
> > From: vantage@yahoogroups.com <mailto:vantage%40yahoogroups.com>
<mailto:vantage%40yahoogroups.com>
> <mailto:vantage%40yahoogroups.com>
> > <mailto:vantage%40yahoogroups.com>
> > [mailto:vantage@yahoogroups.com <mailto:vantage%40yahoogroups.com>
<mailto:vantage%40yahoogroups.com>
> <mailto:vantage%40yahoogroups.com>
> > <mailto:vantage%40yahoogroups.com> ] On
> > Behalf
> > Of Manasa Reddy
> > Sent: Thursday, September 06, 2007 8:05 AM
> > To: vantage@yahoogroups.com <mailto:vantage%40yahoogroups.com>
<mailto:vantage%40yahoogroups.com>
> <mailto:vantage%40yahoogroups.com>
> > <mailto:vantage%40yahoogroups.com>
> > Subject: RE: [Vantage] AP Clearing adjustment
> >
> > We received something (somehow) that should not have been
received.
> So
> > I have $8000 sitting in this account that should not be there.
> >
> > So we are wondering how to get rid of it, adjust it, whatever.
> >
> > M. Manasa Reddy
> >
> > manasa@ <mailto:manasa%40weldcoa.com>
> > <mailto:manasa%40weldcoa.com>
> > <mailto:manasa%40weldcoa.com>
> >
> > P: 630-806-2000
> >
> > F: 630-806-2001
> >
> > ________________________________
> >
> > From: vantage@yahoogroups.com <mailto:vantage%40yahoogroups.com>
<mailto:vantage%40yahoogroups.com>
> <mailto:vantage%40yahoogroups.com>
> > <mailto:vantage%40yahoogroups.com>
> > <mailto:vantage%40yahoogroups.com>
> > [mailto:vantage@yahoogroups.com <mailto:vantage%40yahoogroups.com>
<mailto:vantage%40yahoogroups.com>
> <mailto:vantage%40yahoogroups.com>
> > <mailto:vantage%40yahoogroups.com>
> > <mailto:vantage%40yahoogroups.com> ] On
> > Behalf
> > Of Geary, Stephanie
> > Sent: Thursday, September 06, 2007 6:50 AM
> > To: vantage@yahoogroups.com <mailto:vantage%40yahoogroups.com>
<mailto:vantage%40yahoogroups.com>
> <mailto:vantage%40yahoogroups.com>
> > <mailto:vantage%40yahoogroups.com>
> > <mailto:vantage%40yahoogroups.com>
> > Subject: RE: [Vantage] AP Clearing adjustment
> >
> > What are you trying to do?
> >
> > ________________________________
> >
> > From: vantage@yahoogroups.com <mailto:vantage%40yahoogroups.com>
<mailto:vantage%40yahoogroups.com>
> <mailto:vantage%40yahoogroups.com>
> > <mailto:vantage%40yahoogroups.com>
> > <mailto:vantage%40yahoogroups.com>
> > <mailto:vantage%40yahoogroups.com>
> > [mailto:vantage@yahoogroups.com <mailto:vantage%40yahoogroups.com>
<mailto:vantage%40yahoogroups.com>
> <mailto:vantage%40yahoogroups.com>
> > <mailto:vantage%40yahoogroups.com>
> > <mailto:vantage%40yahoogroups.com>
> > <mailto:vantage%40yahoogroups.com> ] On
> > Behalf
> > Of Manasa Reddy
> > Sent: Wednesday, September 05, 2007 4:50 PM
> > To: vantage@yahoogroups.com <mailto:vantage%40yahoogroups.com>
<mailto:vantage%40yahoogroups.com>
> <mailto:vantage%40yahoogroups.com>
> > <mailto:vantage%40yahoogroups.com>
> > <mailto:vantage%40yahoogroups.com>
> > <mailto:vantage%40yahoogroups.com>
> > Subject: [Vantage] AP Clearing adjustment
> >
> > Anyone know how to adjust something that hit the AP Clearing
> account?
> > Manual journal entry?
> >
> > TIA,
> >
> > M. Manasa Reddy
> > ERP / Inventory & Procurement Manager
> > Welding Company of America
> > manasa@ <mailto:manasa%40weldcoa.com>
> > <mailto:manasa%40weldcoa.com>
> > <mailto:manasa%40weldcoa.com>
> > <mailto:manasa%40weldcoa.com>
> > <mailto:manasa%40weldcoa.com>
> > P: 630-806-2000
> > F: 630-806-2001
> >
> > [Non-text portions of this message have been removed]
> >
> > This message has been processed via your triumphgroup.com e-mail
> > address.
> >
> > [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]
> >
> > This message has been processed via your triumphgroup.com e-mail
> > address.
> >
> > [Non-text portions of this message have been removed]
> >
> >
> >
> >
> >
> > [Non-text portions of this message have been removed]
> >
>
>
> This message has been processed via your triumphgroup.com e-mail
> address.
>
>
>
> [Non-text portions of this message have been removed]
>


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2
Anyone know how to adjust something that hit the AP Clearing account?
Manual journal entry?

TIA,



M. Manasa Reddy
ERP / Inventory & Procurement Manager
Welding Company of America
manasa@...
P: 630-806-2000
F: 630-806-2001



[Non-text portions of this message have been removed]
3
What are you trying to do?



________________________________

From: vantage@yahoogroups.com [mailto:vantage@yahoogroups.com] On Behalf
Of Manasa Reddy
Sent: Wednesday, September 05, 2007 4:50 PM
To: vantage@yahoogroups.com
Subject: [Vantage] AP Clearing adjustment



Anyone know how to adjust something that hit the AP Clearing account?
Manual journal entry?

TIA,

M. Manasa Reddy
ERP / Inventory & Procurement Manager
Welding Company of America
manasa@... <mailto:manasa%40weldcoa.com>
P: 630-806-2000
F: 630-806-2001

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


This message has been processed via your triumphgroup.com e-mail
address.



[Non-text portions of this message have been removed]
4
We received something (somehow) that should not have been received. So
I have $8000 sitting in this account that should not be there.



So we are wondering how to get rid of it, adjust it, whatever.







M. Manasa Reddy

manasa@...

P: 630-806-2000

F: 630-806-2001

________________________________

From: vantage@yahoogroups.com [mailto:vantage@yahoogroups.com] On Behalf
Of Geary, Stephanie
Sent: Thursday, September 06, 2007 6:50 AM
To: vantage@yahoogroups.com
Subject: RE: [Vantage] AP Clearing adjustment



What are you trying to do?

________________________________

From: vantage@yahoogroups.com <mailto:vantage%40yahoogroups.com>
[mailto:vantage@yahoogroups.com <mailto:vantage%40yahoogroups.com> ] On
Behalf
Of Manasa Reddy
Sent: Wednesday, September 05, 2007 4:50 PM
To: vantage@yahoogroups.com <mailto:vantage%40yahoogroups.com>
Subject: [Vantage] AP Clearing adjustment

Anyone know how to adjust something that hit the AP Clearing account?
Manual journal entry?

TIA,

M. Manasa Reddy
ERP / Inventory & Procurement Manager
Welding Company of America
manasa@... <mailto:manasa%40weldcoa.com>
<mailto:manasa%40weldcoa.com>
P: 630-806-2000
F: 630-806-2001

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

This message has been processed via your triumphgroup.com e-mail
address.

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





[Non-text portions of this message have been removed]
5
This may be too simplistic, but just delete the receipt. If that
doesn't work, enter an invoice to the vendor and attach the receipt and
then adjust out the invoice through A/P.


Randall Lunsford

Excel Machinery, Ltd.
e-mail: rlunsf@...
Phone: (806) 335-4565 ext. 531
Fax: (806) 335-9017



________________________________

From: vantage@yahoogroups.com [mailto:vantage@yahoogroups.com] On Behalf
Of Manasa Reddy
Sent: Thursday, September 06, 2007 8:05 AM
To: vantage@yahoogroups.com
Subject: RE: [Vantage] AP Clearing adjustment



We received something (somehow) that should not have been received. So
I have $8000 sitting in this account that should not be there.

So we are wondering how to get rid of it, adjust it, whatever.

M. Manasa Reddy

manasa@... <mailto:manasa%40weldcoa.com>

P: 630-806-2000

F: 630-806-2001

________________________________

From: vantage@yahoogroups.com <mailto:vantage%40yahoogroups.com>
[mailto:vantage@yahoogroups.com <mailto:vantage%40yahoogroups.com> ] On
Behalf
Of Geary, Stephanie
Sent: Thursday, September 06, 2007 6:50 AM
To: vantage@yahoogroups.com <mailto:vantage%40yahoogroups.com>
Subject: RE: [Vantage] AP Clearing adjustment

What are you trying to do?

________________________________

From: vantage@yahoogroups.com <mailto:vantage%40yahoogroups.com>
<mailto:vantage%40yahoogroups.com>
[mailto:vantage@yahoogroups.com <mailto:vantage%40yahoogroups.com>
<mailto:vantage%40yahoogroups.com> ] On
Behalf
Of Manasa Reddy
Sent: Wednesday, September 05, 2007 4:50 PM
To: vantage@yahoogroups.com <mailto:vantage%40yahoogroups.com>
<mailto:vantage%40yahoogroups.com>
Subject: [Vantage] AP Clearing adjustment

Anyone know how to adjust something that hit the AP Clearing account?
Manual journal entry?

TIA,

M. Manasa Reddy
ERP / Inventory & Procurement Manager
Welding Company of America
manasa@... <mailto:manasa%40weldcoa.com>
<mailto:manasa%40weldcoa.com>
<mailto:manasa%40weldcoa.com>
P: 630-806-2000
F: 630-806-2001

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

This message has been processed via your triumphgroup.com e-mail
address.

[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]
6
You can create a "dumby" invoice and adjust the amount to zero before
you post the invoice or you can make the invoice for the exact amount
and then adjust the invoice after it is posted to the correct account.
Only problem with the second option is that you have to have these
transactions show up on a check to get them out of the system. If it
isn't someone you write checks to often you could write it on a zero
dollar check and void it.



________________________________

From: vantage@yahoogroups.com [mailto:vantage@yahoogroups.com] On Behalf
Of Manasa Reddy
Sent: Thursday, September 06, 2007 9:05 AM
To: vantage@yahoogroups.com
Subject: RE: [Vantage] AP Clearing adjustment



We received something (somehow) that should not have been received. So
I have $8000 sitting in this account that should not be there.

So we are wondering how to get rid of it, adjust it, whatever.

M. Manasa Reddy

manasa@... <mailto:manasa%40weldcoa.com>

P: 630-806-2000

F: 630-806-2001

________________________________

From: vantage@yahoogroups.com <mailto:vantage%40yahoogroups.com>
[mailto:vantage@yahoogroups.com <mailto:vantage%40yahoogroups.com> ] On
Behalf
Of Geary, Stephanie
Sent: Thursday, September 06, 2007 6:50 AM
To: vantage@yahoogroups.com <mailto:vantage%40yahoogroups.com>
Subject: RE: [Vantage] AP Clearing adjustment

What are you trying to do?

________________________________

From: vantage@yahoogroups.com <mailto:vantage%40yahoogroups.com>
<mailto:vantage%40yahoogroups.com>
[mailto:vantage@yahoogroups.com <mailto:vantage%40yahoogroups.com>
<mailto:vantage%40yahoogroups.com> ] On
Behalf
Of Manasa Reddy
Sent: Wednesday, September 05, 2007 4:50 PM
To: vantage@yahoogroups.com <mailto:vantage%40yahoogroups.com>
<mailto:vantage%40yahoogroups.com>
Subject: [Vantage] AP Clearing adjustment

Anyone know how to adjust something that hit the AP Clearing account?
Manual journal entry?

TIA,

M. Manasa Reddy
ERP / Inventory & Procurement Manager
Welding Company of America
manasa@... <mailto:manasa%40weldcoa.com>
<mailto:manasa%40weldcoa.com>
<mailto:manasa%40weldcoa.com>
P: 630-806-2000
F: 630-806-2001

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

This message has been processed via your triumphgroup.com e-mail
address.

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

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


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address.



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7
Either Delete the receipt or match a dummy zero value invoice to it and
clear it down

Gary Parfrey

Dot Net IT Limited, Reg No 4412519

From: vantage@yahoogroups.com [mailto:vantage@yahoogroups.com] On Behalf
Of Manasa Reddy
Sent: 06 September 2007 14:05
To: vantage@yahoogroups.com
Subject: RE: [Vantage] AP Clearing adjustment



We received something (somehow) that should not have been received. So
I have $8000 sitting in this account that should not be there.

So we are wondering how to get rid of it, adjust it, whatever.

M. Manasa Reddy

manasa@... <mailto:manasa%40weldcoa.com>

P: 630-806-2000

F: 630-806-2001

________________________________

From: vantage@yahoogroups.com <mailto:vantage%40yahoogroups.com>
[mailto:vantage@yahoogroups.com <mailto:vantage%40yahoogroups.com> ] On
Behalf
Of Geary, Stephanie
Sent: Thursday, September 06, 2007 6:50 AM
To: vantage@yahoogroups.com <mailto:vantage%40yahoogroups.com>
Subject: RE: [Vantage] AP Clearing adjustment

What are you trying to do?

________________________________

From: vantage@yahoogroups.com <mailto:vantage%40yahoogroups.com>
<mailto:vantage%40yahoogroups.com>
[mailto:vantage@yahoogroups.com <mailto:vantage%40yahoogroups.com>
<mailto:vantage%40yahoogroups.com> ] On
Behalf
Of Manasa Reddy
Sent: Wednesday, September 05, 2007 4:50 PM
To: vantage@yahoogroups.com <mailto:vantage%40yahoogroups.com>
<mailto:vantage%40yahoogroups.com>
Subject: [Vantage] AP Clearing adjustment

Anyone know how to adjust something that hit the AP Clearing account?
Manual journal entry?

TIA,

M. Manasa Reddy
ERP / Inventory & Procurement Manager
Welding Company of America
manasa@... <mailto:manasa%40weldcoa.com>
<mailto:manasa%40weldcoa.com>
<mailto:manasa%40weldcoa.com>
P: 630-806-2000
F: 630-806-2001

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

This message has been processed via your triumphgroup.com e-mail
address.

[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]
8
If it is in the same month you can delete the receipt but if it was in a
prior month it will mess up your balances at month end.



________________________________

From: vantage@yahoogroups.com [mailto:vantage@yahoogroups.com] On Behalf
Of Randy Lunsford
Sent: Thursday, September 06, 2007 9:16 AM
To: vantage@yahoogroups.com
Subject: RE: [Vantage] AP Clearing adjustment



This may be too simplistic, but just delete the receipt. If that
doesn't work, enter an invoice to the vendor and attach the receipt and
then adjust out the invoice through A/P.


Randall Lunsford

Excel Machinery, Ltd.
e-mail: rlunsf@... <mailto:rlunsf%40excelmach.com>
Phone: (806) 335-4565 ext. 531
Fax: (806) 335-9017

________________________________

From: vantage@yahoogroups.com <mailto:vantage%40yahoogroups.com>
[mailto:vantage@yahoogroups.com <mailto:vantage%40yahoogroups.com> ] On
Behalf
Of Manasa Reddy
Sent: Thursday, September 06, 2007 8:05 AM
To: vantage@yahoogroups.com <mailto:vantage%40yahoogroups.com>
Subject: RE: [Vantage] AP Clearing adjustment

We received something (somehow) that should not have been received. So
I have $8000 sitting in this account that should not be there.

So we are wondering how to get rid of it, adjust it, whatever.

M. Manasa Reddy

manasa@... <mailto:manasa%40weldcoa.com>
<mailto:manasa%40weldcoa.com>

P: 630-806-2000

F: 630-806-2001

________________________________

From: vantage@yahoogroups.com <mailto:vantage%40yahoogroups.com>
<mailto:vantage%40yahoogroups.com>
[mailto:vantage@yahoogroups.com <mailto:vantage%40yahoogroups.com>
<mailto:vantage%40yahoogroups.com> ] On
Behalf
Of Geary, Stephanie
Sent: Thursday, September 06, 2007 6:50 AM
To: vantage@yahoogroups.com <mailto:vantage%40yahoogroups.com>
<mailto:vantage%40yahoogroups.com>
Subject: RE: [Vantage] AP Clearing adjustment

What are you trying to do?

________________________________

From: vantage@yahoogroups.com <mailto:vantage%40yahoogroups.com>
<mailto:vantage%40yahoogroups.com>
<mailto:vantage%40yahoogroups.com>
[mailto:vantage@yahoogroups.com <mailto:vantage%40yahoogroups.com>
<mailto:vantage%40yahoogroups.com>
<mailto:vantage%40yahoogroups.com> ] On
Behalf
Of Manasa Reddy
Sent: Wednesday, September 05, 2007 4:50 PM
To: vantage@yahoogroups.com <mailto:vantage%40yahoogroups.com>
<mailto:vantage%40yahoogroups.com>
<mailto:vantage%40yahoogroups.com>
Subject: [Vantage] AP Clearing adjustment

Anyone know how to adjust something that hit the AP Clearing account?
Manual journal entry?

TIA,

M. Manasa Reddy
ERP / Inventory & Procurement Manager
Welding Company of America
manasa@... <mailto:manasa%40weldcoa.com>
<mailto:manasa%40weldcoa.com>
<mailto:manasa%40weldcoa.com>
<mailto:manasa%40weldcoa.com>
P: 630-806-2000
F: 630-806-2001

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

This message has been processed via your triumphgroup.com e-mail
address.

[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]


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address.



[Non-text portions of this message have been removed]
9
Yep, it was last month, so I will go down the path of the dummy invoice.



Thanks to all who responded!







M. Manasa Reddy

manasa@...

P: 630-806-2000

F: 630-806-2001

________________________________

From: vantage@yahoogroups.com [mailto:vantage@yahoogroups.com] On Behalf
Of Geary, Stephanie
Sent: Thursday, September 06, 2007 8:20 AM
To: vantage@yahoogroups.com
Subject: RE: [Vantage] AP Clearing adjustment



If it is in the same month you can delete the receipt but if it was in a
prior month it will mess up your balances at month end.

________________________________

From: vantage@yahoogroups.com <mailto:vantage%40yahoogroups.com>
[mailto:vantage@yahoogroups.com <mailto:vantage%40yahoogroups.com> ] On
Behalf
Of Randy Lunsford
Sent: Thursday, September 06, 2007 9:16 AM
To: vantage@yahoogroups.com <mailto:vantage%40yahoogroups.com>
Subject: RE: [Vantage] AP Clearing adjustment

This may be too simplistic, but just delete the receipt. If that
doesn't work, enter an invoice to the vendor and attach the receipt and
then adjust out the invoice through A/P.

Randall Lunsford

Excel Machinery, Ltd.
e-mail: rlunsf@... <mailto:rlunsf%40excelmach.com>
<mailto:rlunsf%40excelmach.com>
Phone: (806) 335-4565 ext. 531
Fax: (806) 335-9017

________________________________

From: vantage@yahoogroups.com <mailto:vantage%40yahoogroups.com>
<mailto:vantage%40yahoogroups.com>
[mailto:vantage@yahoogroups.com <mailto:vantage%40yahoogroups.com>
<mailto:vantage%40yahoogroups.com> ] On
Behalf
Of Manasa Reddy
Sent: Thursday, September 06, 2007 8:05 AM
To: vantage@yahoogroups.com <mailto:vantage%40yahoogroups.com>
<mailto:vantage%40yahoogroups.com>
Subject: RE: [Vantage] AP Clearing adjustment

We received something (somehow) that should not have been received. So
I have $8000 sitting in this account that should not be there.

So we are wondering how to get rid of it, adjust it, whatever.

M. Manasa Reddy

manasa@... <mailto:manasa%40weldcoa.com>
<mailto:manasa%40weldcoa.com>
<mailto:manasa%40weldcoa.com>

P: 630-806-2000

F: 630-806-2001

________________________________

From: vantage@yahoogroups.com <mailto:vantage%40yahoogroups.com>
<mailto:vantage%40yahoogroups.com>
<mailto:vantage%40yahoogroups.com>
[mailto:vantage@yahoogroups.com <mailto:vantage%40yahoogroups.com>
<mailto:vantage%40yahoogroups.com>
<mailto:vantage%40yahoogroups.com> ] On
Behalf
Of Geary, Stephanie
Sent: Thursday, September 06, 2007 6:50 AM
To: vantage@yahoogroups.com <mailto:vantage%40yahoogroups.com>
<mailto:vantage%40yahoogroups.com>
<mailto:vantage%40yahoogroups.com>
Subject: RE: [Vantage] AP Clearing adjustment

What are you trying to do?

________________________________

From: vantage@yahoogroups.com <mailto:vantage%40yahoogroups.com>
<mailto:vantage%40yahoogroups.com>
<mailto:vantage%40yahoogroups.com>
<mailto:vantage%40yahoogroups.com>
[mailto:vantage@yahoogroups.com <mailto:vantage%40yahoogroups.com>
<mailto:vantage%40yahoogroups.com>
<mailto:vantage%40yahoogroups.com>
<mailto:vantage%40yahoogroups.com> ] On
Behalf
Of Manasa Reddy
Sent: Wednesday, September 05, 2007 4:50 PM
To: vantage@yahoogroups.com <mailto:vantage%40yahoogroups.com>
<mailto:vantage%40yahoogroups.com>
<mailto:vantage%40yahoogroups.com>
<mailto:vantage%40yahoogroups.com>
Subject: [Vantage] AP Clearing adjustment

Anyone know how to adjust something that hit the AP Clearing account?
Manual journal entry?

TIA,

M. Manasa Reddy
ERP / Inventory & Procurement Manager
Welding Company of America
manasa@... <mailto:manasa%40weldcoa.com>
<mailto:manasa%40weldcoa.com>
<mailto:manasa%40weldcoa.com>
<mailto:manasa%40weldcoa.com>
<mailto:manasa%40weldcoa.com>
P: 630-806-2000
F: 630-806-2001

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

This message has been processed via your triumphgroup.com e-mail
address.

[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]

This message has been processed via your triumphgroup.com e-mail
address.

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





[Non-text portions of this message have been removed]
10
I have a question on the same topic (Accrued A/P). If we receive
something in at $5 and the invoice comes in for $5.50, how can we get
the $.50 difference to go through the Purchase Price Variance account?

Dawn Balinski
Commercial Tool & Die, Inc.

--- In vantage@yahoogroups.com, "Manasa Reddy" <manasa@...> wrote:
>
> Yep, it was last month, so I will go down the path of the dummy
invoice.
>
>
>
> Thanks to all who responded!
>
>
>
>
>
>
>
> M. Manasa Reddy
>
> manasa@...
>
> P: 630-806-2000
>
> F: 630-806-2001
>
> ________________________________
>
> From: vantage@yahoogroups.com [mailto:vantage@yahoogroups.com] On
Behalf
> Of Geary, Stephanie
> Sent: Thursday, September 06, 2007 8:20 AM
> To: vantage@yahoogroups.com
> Subject: RE: [Vantage] AP Clearing adjustment
>
>
>
> If it is in the same month you can delete the receipt but if it was
in a
> prior month it will mess up your balances at month end.
>
> ________________________________
>
> From: vantage@yahoogroups.com <mailto:vantage%40yahoogroups.com>
> [mailto:vantage@yahoogroups.com <mailto:vantage%
40yahoogroups.com> ] On
> Behalf
> Of Randy Lunsford
> Sent: Thursday, September 06, 2007 9:16 AM
> To: vantage@yahoogroups.com <mailto:vantage%40yahoogroups.com>
> Subject: RE: [Vantage] AP Clearing adjustment
>
> This may be too simplistic, but just delete the receipt. If that
> doesn't work, enter an invoice to the vendor and attach the receipt
and
> then adjust out the invoice through A/P.
>
> Randall Lunsford
>
> Excel Machinery, Ltd.
> e-mail: rlunsf@... <mailto:rlunsf%40excelmach.com>
> <mailto:rlunsf%40excelmach.com>
> Phone: (806) 335-4565 ext. 531
> Fax: (806) 335-9017
>
> ________________________________
>
> From: vantage@yahoogroups.com <mailto:vantage%40yahoogroups.com>
> <mailto:vantage%40yahoogroups.com>
> [mailto:vantage@yahoogroups.com <mailto:vantage%40yahoogroups.com>
> <mailto:vantage%40yahoogroups.com> ] On
> Behalf
> Of Manasa Reddy
> Sent: Thursday, September 06, 2007 8:05 AM
> To: vantage@yahoogroups.com <mailto:vantage%40yahoogroups.com>
> <mailto:vantage%40yahoogroups.com>
> Subject: RE: [Vantage] AP Clearing adjustment
>
> We received something (somehow) that should not have been received.
So
> I have $8000 sitting in this account that should not be there.
>
> So we are wondering how to get rid of it, adjust it, whatever.
>
> M. Manasa Reddy
>
> manasa@... <mailto:manasa%40weldcoa.com>
> <mailto:manasa%40weldcoa.com>
> <mailto:manasa%40weldcoa.com>
>
> P: 630-806-2000
>
> F: 630-806-2001
>
> ________________________________
>
> From: vantage@yahoogroups.com <mailto:vantage%40yahoogroups.com>
> <mailto:vantage%40yahoogroups.com>
> <mailto:vantage%40yahoogroups.com>
> [mailto:vantage@yahoogroups.com <mailto:vantage%40yahoogroups.com>
> <mailto:vantage%40yahoogroups.com>
> <mailto:vantage%40yahoogroups.com> ] On
> Behalf
> Of Geary, Stephanie
> Sent: Thursday, September 06, 2007 6:50 AM
> To: vantage@yahoogroups.com <mailto:vantage%40yahoogroups.com>
> <mailto:vantage%40yahoogroups.com>
> <mailto:vantage%40yahoogroups.com>
> Subject: RE: [Vantage] AP Clearing adjustment
>
> What are you trying to do?
>
> ________________________________
>
> From: vantage@yahoogroups.com <mailto:vantage%40yahoogroups.com>
> <mailto:vantage%40yahoogroups.com>
> <mailto:vantage%40yahoogroups.com>
> <mailto:vantage%40yahoogroups.com>
> [mailto:vantage@yahoogroups.com <mailto:vantage%40yahoogroups.com>
> <mailto:vantage%40yahoogroups.com>
> <mailto:vantage%40yahoogroups.com>
> <mailto:vantage%40yahoogroups.com> ] On
> Behalf
> Of Manasa Reddy
> Sent: Wednesday, September 05, 2007 4:50 PM
> To: vantage@yahoogroups.com <mailto:vantage%40yahoogroups.com>
> <mailto:vantage%40yahoogroups.com>
> <mailto:vantage%40yahoogroups.com>
> <mailto:vantage%40yahoogroups.com>
> Subject: [Vantage] AP Clearing adjustment
>
> Anyone know how to adjust something that hit the AP Clearing
account?
> Manual journal entry?
>
> TIA,
>
> M. Manasa Reddy
> ERP / Inventory & Procurement Manager
> Welding Company of America
> manasa@... <mailto:manasa%40weldcoa.com>
> <mailto:manasa%40weldcoa.com>
> <mailto:manasa%40weldcoa.com>
> <mailto:manasa%40weldcoa.com>
> <mailto:manasa%40weldcoa.com>
> P: 630-806-2000
> F: 630-806-2001
>
> [Non-text portions of this message have been removed]
>
> This message has been processed via your triumphgroup.com e-mail
> address.
>
> [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]
>
> This message has been processed via your triumphgroup.com e-mail
> address.
>
> [Non-text portions of this message have been removed]
>
>
>
>
>
> [Non-text portions of this message have been removed]
>
11
The .50 goes to purchase price variance if it is a purchase of a "part"
- if it is other kinds of purchases it going to the account number the
original 5.00 goes to... if it is expense it goes to that account but if
it is for inventory it goes to purchase price variance.



________________________________

From: vantage@yahoogroups.com [mailto:vantage@yahoogroups.com] On Behalf
Of ctgsfinance
Sent: Friday, September 07, 2007 8:30 AM
To: vantage@yahoogroups.com
Subject: [Vantage] Re: AP Clearing adjustment



I have a question on the same topic (Accrued A/P). If we receive
something in at $5 and the invoice comes in for $5.50, how can we get
the $.50 difference to go through the Purchase Price Variance account?

Dawn Balinski
Commercial Tool & Die, Inc.

--- In vantage@yahoogroups.com <mailto:vantage%40yahoogroups.com> ,
"Manasa Reddy" <manasa@...> wrote:
>
> Yep, it was last month, so I will go down the path of the dummy
invoice.
>
>
>
> Thanks to all who responded!
>
>
>
>
>
>
>
> M. Manasa Reddy
>
> manasa@...
>
> P: 630-806-2000
>
> F: 630-806-2001
>
> ________________________________
>
> From: vantage@yahoogroups.com <mailto:vantage%40yahoogroups.com>
[mailto:vantage@yahoogroups.com <mailto:vantage%40yahoogroups.com> ] On
Behalf
> Of Geary, Stephanie
> Sent: Thursday, September 06, 2007 8:20 AM
> To: vantage@yahoogroups.com <mailto:vantage%40yahoogroups.com>
> Subject: RE: [Vantage] AP Clearing adjustment
>
>
>
> If it is in the same month you can delete the receipt but if it was
in a
> prior month it will mess up your balances at month end.
>
> ________________________________
>
> From: vantage@yahoogroups.com <mailto:vantage%40yahoogroups.com>
<mailto:vantage%40yahoogroups.com>
> [mailto:vantage@yahoogroups.com <mailto:vantage%40yahoogroups.com>
<mailto:vantage%
40yahoogroups.com> ] On
> Behalf
> Of Randy Lunsford
> Sent: Thursday, September 06, 2007 9:16 AM
> To: vantage@yahoogroups.com <mailto:vantage%40yahoogroups.com>
<mailto:vantage%40yahoogroups.com>
> Subject: RE: [Vantage] AP Clearing adjustment
>
> This may be too simplistic, but just delete the receipt. If that
> doesn't work, enter an invoice to the vendor and attach the receipt
and
> then adjust out the invoice through A/P.
>
> Randall Lunsford
>
> Excel Machinery, Ltd.
> e-mail: rlunsf@... <mailto:rlunsf%40excelmach.com>
> <mailto:rlunsf%40excelmach.com>
> Phone: (806) 335-4565 ext. 531
> Fax: (806) 335-9017
>
> ________________________________
>
> From: vantage@yahoogroups.com <mailto:vantage%40yahoogroups.com>
<mailto:vantage%40yahoogroups.com>
> <mailto:vantage%40yahoogroups.com>
> [mailto:vantage@yahoogroups.com <mailto:vantage%40yahoogroups.com>
<mailto:vantage%40yahoogroups.com>
> <mailto:vantage%40yahoogroups.com> ] On
> Behalf
> Of Manasa Reddy
> Sent: Thursday, September 06, 2007 8:05 AM
> To: vantage@yahoogroups.com <mailto:vantage%40yahoogroups.com>
<mailto:vantage%40yahoogroups.com>
> <mailto:vantage%40yahoogroups.com>
> Subject: RE: [Vantage] AP Clearing adjustment
>
> We received something (somehow) that should not have been received.
So
> I have $8000 sitting in this account that should not be there.
>
> So we are wondering how to get rid of it, adjust it, whatever.
>
> M. Manasa Reddy
>
> manasa@... <mailto:manasa%40weldcoa.com>
> <mailto:manasa%40weldcoa.com>
> <mailto:manasa%40weldcoa.com>
>
> P: 630-806-2000
>
> F: 630-806-2001
>
> ________________________________
>
> From: vantage@yahoogroups.com <mailto:vantage%40yahoogroups.com>
<mailto:vantage%40yahoogroups.com>
> <mailto:vantage%40yahoogroups.com>
> <mailto:vantage%40yahoogroups.com>
> [mailto:vantage@yahoogroups.com <mailto:vantage%40yahoogroups.com>
<mailto:vantage%40yahoogroups.com>
> <mailto:vantage%40yahoogroups.com>
> <mailto:vantage%40yahoogroups.com> ] On
> Behalf
> Of Geary, Stephanie
> Sent: Thursday, September 06, 2007 6:50 AM
> To: vantage@yahoogroups.com <mailto:vantage%40yahoogroups.com>
<mailto:vantage%40yahoogroups.com>
> <mailto:vantage%40yahoogroups.com>
> <mailto:vantage%40yahoogroups.com>
> Subject: RE: [Vantage] AP Clearing adjustment
>
> What are you trying to do?
>
> ________________________________
>
> From: vantage@yahoogroups.com <mailto:vantage%40yahoogroups.com>
<mailto:vantage%40yahoogroups.com>
> <mailto:vantage%40yahoogroups.com>
> <mailto:vantage%40yahoogroups.com>
> <mailto:vantage%40yahoogroups.com>
> [mailto:vantage@yahoogroups.com <mailto:vantage%40yahoogroups.com>
<mailto:vantage%40yahoogroups.com>
> <mailto:vantage%40yahoogroups.com>
> <mailto:vantage%40yahoogroups.com>
> <mailto:vantage%40yahoogroups.com> ] On
> Behalf
> Of Manasa Reddy
> Sent: Wednesday, September 05, 2007 4:50 PM
> To: vantage@yahoogroups.com <mailto:vantage%40yahoogroups.com>
<mailto:vantage%40yahoogroups.com>
> <mailto:vantage%40yahoogroups.com>
> <mailto:vantage%40yahoogroups.com>
> <mailto:vantage%40yahoogroups.com>
> Subject: [Vantage] AP Clearing adjustment
>
> Anyone know how to adjust something that hit the AP Clearing
account?
> Manual journal entry?
>
> TIA,
>
> M. Manasa Reddy
> ERP / Inventory & Procurement Manager
> Welding Company of America
> manasa@... <mailto:manasa%40weldcoa.com>
> <mailto:manasa%40weldcoa.com>
> <mailto:manasa%40weldcoa.com>
> <mailto:manasa%40weldcoa.com>
> <mailto:manasa%40weldcoa.com>
> P: 630-806-2000
> F: 630-806-2001
>
> [Non-text portions of this message have been removed]
>
> This message has been processed via your triumphgroup.com e-mail
> address.
>
> [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]
>
> This message has been processed via your triumphgroup.com e-mail
> address.
>
> [Non-text portions of this message have been removed]
>
>
>
>
>
> [Non-text portions of this message have been removed]
>


This message has been processed via your triumphgroup.com e-mail
address.



[Non-text portions of this message have been removed]
12
Make sure the purchase price variance account is on the part class for
the part, or on your control account.







M. Manasa Reddy

manasa@...

P: 630-806-2000

F: 630-806-2001

________________________________

From: vantage@yahoogroups.com [mailto:vantage@yahoogroups.com] On Behalf
Of Geary, Stephanie
Sent: Friday, September 07, 2007 7:42 AM
To: vantage@yahoogroups.com
Subject: RE: [Vantage] Re: AP Clearing adjustment



The .50 goes to purchase price variance if it is a purchase of a "part"
- if it is other kinds of purchases it going to the account number the
original 5.00 goes to... if it is expense it goes to that account but if
it is for inventory it goes to purchase price variance.

________________________________

From: vantage@yahoogroups.com <mailto:vantage%40yahoogroups.com>
[mailto:vantage@yahoogroups.com <mailto:vantage%40yahoogroups.com> ] On
Behalf
Of ctgsfinance
Sent: Friday, September 07, 2007 8:30 AM
To: vantage@yahoogroups.com <mailto:vantage%40yahoogroups.com>
Subject: [Vantage] Re: AP Clearing adjustment

I have a question on the same topic (Accrued A/P). If we receive
something in at $5 and the invoice comes in for $5.50, how can we get
the $.50 difference to go through the Purchase Price Variance account?

Dawn Balinski
Commercial Tool & Die, Inc.

--- In vantage@yahoogroups.com <mailto:vantage%40yahoogroups.com>
<mailto:vantage%40yahoogroups.com> ,
"Manasa Reddy" <manasa@...> wrote:
>
> Yep, it was last month, so I will go down the path of the dummy
invoice.
>
>
>
> Thanks to all who responded!
>
>
>
>
>
>
>
> M. Manasa Reddy
>
> manasa@...
>
> P: 630-806-2000
>
> F: 630-806-2001
>
> ________________________________
>
> From: vantage@yahoogroups.com <mailto:vantage%40yahoogroups.com>
<mailto:vantage%40yahoogroups.com>
[mailto:vantage@yahoogroups.com <mailto:vantage%40yahoogroups.com>
<mailto:vantage%40yahoogroups.com> ] On
Behalf
> Of Geary, Stephanie
> Sent: Thursday, September 06, 2007 8:20 AM
> To: vantage@yahoogroups.com <mailto:vantage%40yahoogroups.com>
<mailto:vantage%40yahoogroups.com>
> Subject: RE: [Vantage] AP Clearing adjustment
>
>
>
> If it is in the same month you can delete the receipt but if it was
in a
> prior month it will mess up your balances at month end.
>
> ________________________________
>
> From: vantage@yahoogroups.com <mailto:vantage%40yahoogroups.com>
<mailto:vantage%40yahoogroups.com>
<mailto:vantage%40yahoogroups.com>
> [mailto:vantage@yahoogroups.com <mailto:vantage%40yahoogroups.com>
<mailto:vantage%40yahoogroups.com>
<mailto:vantage%
40yahoogroups.com> ] On
> Behalf
> Of Randy Lunsford
> Sent: Thursday, September 06, 2007 9:16 AM
> To: vantage@yahoogroups.com <mailto:vantage%40yahoogroups.com>
<mailto:vantage%40yahoogroups.com>
<mailto:vantage%40yahoogroups.com>
> Subject: RE: [Vantage] AP Clearing adjustment
>
> This may be too simplistic, but just delete the receipt. If that
> doesn't work, enter an invoice to the vendor and attach the receipt
and
> then adjust out the invoice through A/P.
>
> Randall Lunsford
>
> Excel Machinery, Ltd.
> e-mail: rlunsf@... <mailto:rlunsf%40excelmach.com>
> <mailto:rlunsf%40excelmach.com>
> Phone: (806) 335-4565 ext. 531
> Fax: (806) 335-9017
>
> ________________________________
>
> From: vantage@yahoogroups.com <mailto:vantage%40yahoogroups.com>
<mailto:vantage%40yahoogroups.com>
<mailto:vantage%40yahoogroups.com>
> <mailto:vantage%40yahoogroups.com>
> [mailto:vantage@yahoogroups.com <mailto:vantage%40yahoogroups.com>
<mailto:vantage%40yahoogroups.com>
<mailto:vantage%40yahoogroups.com>
> <mailto:vantage%40yahoogroups.com> ] On
> Behalf
> Of Manasa Reddy
> Sent: Thursday, September 06, 2007 8:05 AM
> To: vantage@yahoogroups.com <mailto:vantage%40yahoogroups.com>
<mailto:vantage%40yahoogroups.com>
<mailto:vantage%40yahoogroups.com>
> <mailto:vantage%40yahoogroups.com>
> Subject: RE: [Vantage] AP Clearing adjustment
>
> We received something (somehow) that should not have been received.
So
> I have $8000 sitting in this account that should not be there.
>
> So we are wondering how to get rid of it, adjust it, whatever.
>
> M. Manasa Reddy
>
> manasa@... <mailto:manasa%40weldcoa.com>
> <mailto:manasa%40weldcoa.com>
> <mailto:manasa%40weldcoa.com>
>
> P: 630-806-2000
>
> F: 630-806-2001
>
> ________________________________
>
> From: vantage@yahoogroups.com <mailto:vantage%40yahoogroups.com>
<mailto:vantage%40yahoogroups.com>
<mailto:vantage%40yahoogroups.com>
> <mailto:vantage%40yahoogroups.com>
> <mailto:vantage%40yahoogroups.com>
> [mailto:vantage@yahoogroups.com <mailto:vantage%40yahoogroups.com>
<mailto:vantage%40yahoogroups.com>
<mailto:vantage%40yahoogroups.com>
> <mailto:vantage%40yahoogroups.com>
> <mailto:vantage%40yahoogroups.com> ] On
> Behalf
> Of Geary, Stephanie
> Sent: Thursday, September 06, 2007 6:50 AM
> To: vantage@yahoogroups.com <mailto:vantage%40yahoogroups.com>
<mailto:vantage%40yahoogroups.com>
<mailto:vantage%40yahoogroups.com>
> <mailto:vantage%40yahoogroups.com>
> <mailto:vantage%40yahoogroups.com>
> Subject: RE: [Vantage] AP Clearing adjustment
>
> What are you trying to do?
>
> ________________________________
>
> From: vantage@yahoogroups.com <mailto:vantage%40yahoogroups.com>
<mailto:vantage%40yahoogroups.com>
<mailto:vantage%40yahoogroups.com>
> <mailto:vantage%40yahoogroups.com>
> <mailto:vantage%40yahoogroups.com>
> <mailto:vantage%40yahoogroups.com>
> [mailto:vantage@yahoogroups.com <mailto:vantage%40yahoogroups.com>
<mailto:vantage%40yahoogroups.com>
<mailto:vantage%40yahoogroups.com>
> <mailto:vantage%40yahoogroups.com>
> <mailto:vantage%40yahoogroups.com>
> <mailto:vantage%40yahoogroups.com> ] On
> Behalf
> Of Manasa Reddy
> Sent: Wednesday, September 05, 2007 4:50 PM
> To: vantage@yahoogroups.com <mailto:vantage%40yahoogroups.com>
<mailto:vantage%40yahoogroups.com>
<mailto:vantage%40yahoogroups.com>
> <mailto:vantage%40yahoogroups.com>
> <mailto:vantage%40yahoogroups.com>
> <mailto:vantage%40yahoogroups.com>
> Subject: [Vantage] AP Clearing adjustment
>
> Anyone know how to adjust something that hit the AP Clearing
account?
> Manual journal entry?
>
> TIA,
>
> M. Manasa Reddy
> ERP / Inventory & Procurement Manager
> Welding Company of America
> manasa@... <mailto:manasa%40weldcoa.com>
> <mailto:manasa%40weldcoa.com>
> <mailto:manasa%40weldcoa.com>
> <mailto:manasa%40weldcoa.com>
> <mailto:manasa%40weldcoa.com>
> P: 630-806-2000
> F: 630-806-2001
>
> [Non-text portions of this message have been removed]
>
> This message has been processed via your triumphgroup.com e-mail
> address.
>
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[Non-text portions of this message have been removed]
13
The PO is received at $5 and then the price is change to $5.50 when entering
the invoice. If your control accounts are set up properly, the $0.50 will
go to PPV.


Edward F. Fox, Jr., CPA

Controller

Maxson Automatic Machinery Company

Phone 401-596-0162 a Fax 401-596-1050

www.maxsonautomatic.com <http://www.maxsonautomatic.com/>



_____

From: ctgsfinance [mailto:dawn.balinski@...]
Sent: Friday, September 07, 2007 8:30 AM
To: vantage@yahoogroups.com
Subject: [Vantage] Re: AP Clearing adjustment



I have a question on the same topic (Accrued A/P). If we receive
something in at $5 and the invoice comes in for $5.50, how can we get
the $.50 difference to go through the Purchase Price Variance account?

Dawn Balinski
Commercial Tool & Die, Inc.

--- In vantage@yahoogroups <mailto:vantage%40yahoogroups.com> .com, "Manasa
Reddy" <manasa@...> wrote:
>
> Yep, it was last month, so I will go down the path of the dummy
invoice.
>
>
>
> Thanks to all who responded!
>
>
>
>
>
>
>
> M. Manasa Reddy
>
> manasa@...
>
> P: 630-806-2000
>
> F: 630-806-2001
>
> ________________________________
>
> From: vantage@yahoogroups <mailto:vantage%40yahoogroups.com> .com
[mailto:vantage@yahoogroups <mailto:vantage%40yahoogroups.com> .com] On
Behalf
> Of Geary, Stephanie
> Sent: Thursday, September 06, 2007 8:20 AM
> To: vantage@yahoogroups <mailto:vantage%40yahoogroups.com> .com
> Subject: RE: [Vantage] AP Clearing adjustment
>
>
>
> If it is in the same month you can delete the receipt but if it was
in a
> prior month it will mess up your balances at month end.
>
> ________________________________
>
> From: vantage@yahoogroups <mailto:vantage%40yahoogroups.com> .com
<mailto:vantage%40yahoogroups.com>
> [mailto:vantage@yahoogroups <mailto:vantage%40yahoogroups.com> .com
<mailto:vantage%
40yahoogroups.com> ] On
> Behalf
> Of Randy Lunsford
> Sent: Thursday, September 06, 2007 9:16 AM
> To: vantage@yahoogroups <mailto:vantage%40yahoogroups.com> .com
<mailto:vantage%40yahoogroups.com>
> Subject: RE: [Vantage] AP Clearing adjustment
>
> This may be too simplistic, but just delete the receipt. If that
> doesn't work, enter an invoice to the vendor and attach the receipt
and
> then adjust out the invoice through A/P.
>
> Randall Lunsford
>
> Excel Machinery, Ltd.
> e-mail: rlunsf@... <mailto:rlunsf%40excelmach.com>
> <mailto:rlunsf%40excelmach.com>
> Phone: (806) 335-4565 ext. 531
> Fax: (806) 335-9017
>
> ________________________________
>
> From: vantage@yahoogroups <mailto:vantage%40yahoogroups.com> .com
<mailto:vantage%40yahoogroups.com>
> <mailto:vantage%40yahoogroups.com>
> [mailto:vantage@yahoogroups <mailto:vantage%40yahoogroups.com> .com
<mailto:vantage%40yahoogroups.com>
> <mailto:vantage%40yahoogroups.com> ] On
> Behalf
> Of Manasa Reddy
> Sent: Thursday, September 06, 2007 8:05 AM
> To: vantage@yahoogroups <mailto:vantage%40yahoogroups.com> .com
<mailto:vantage%40yahoogroups.com>
> <mailto:vantage%40yahoogroups.com>
> Subject: RE: [Vantage] AP Clearing adjustment
>
> We received something (somehow) that should not have been received.
So
> I have $8000 sitting in this account that should not be there.
>
> So we are wondering how to get rid of it, adjust it, whatever.
>
> M. Manasa Reddy
>
> manasa@... <mailto:manasa%40weldcoa.com>
> <mailto:manasa%40weldcoa.com>
> <mailto:manasa%40weldcoa.com>
>
> P: 630-806-2000
>
> F: 630-806-2001
>
> ________________________________
>
> From: vantage@yahoogroups <mailto:vantage%40yahoogroups.com> .com
<mailto:vantage%40yahoogroups.com>
> <mailto:vantage%40yahoogroups.com>
> <mailto:vantage%40yahoogroups.com>
> [mailto:vantage@yahoogroups <mailto:vantage%40yahoogroups.com> .com
<mailto:vantage%40yahoogroups.com>
> <mailto:vantage%40yahoogroups.com>
> <mailto:vantage%40yahoogroups.com> ] On
> Behalf
> Of Geary, Stephanie
> Sent: Thursday, September 06, 2007 6:50 AM
> To: vantage@yahoogroups <mailto:vantage%40yahoogroups.com> .com
<mailto:vantage%40yahoogroups.com>
> <mailto:vantage%40yahoogroups.com>
> <mailto:vantage%40yahoogroups.com>
> Subject: RE: [Vantage] AP Clearing adjustment
>
> What are you trying to do?
>
> ________________________________
>
> From: vantage@yahoogroups <mailto:vantage%40yahoogroups.com> .com
<mailto:vantage%40yahoogroups.com>
> <mailto:vantage%40yahoogroups.com>
> <mailto:vantage%40yahoogroups.com>
> <mailto:vantage%40yahoogroups.com>
> [mailto:vantage@yahoogroups <mailto:vantage%40yahoogroups.com> .com
<mailto:vantage%40yahoogroups.com>
> <mailto:vantage%40yahoogroups.com>
> <mailto:vantage%40yahoogroups.com>
> <mailto:vantage%40yahoogroups.com> ] On
> Behalf
> Of Manasa Reddy
> Sent: Wednesday, September 05, 2007 4:50 PM
> To: vantage@yahoogroups <mailto:vantage%40yahoogroups.com> .com
<mailto:vantage%40yahoogroups.com>
> <mailto:vantage%40yahoogroups.com>
> <mailto:vantage%40yahoogroups.com>
> <mailto:vantage%40yahoogroups.com>
> Subject: [Vantage] AP Clearing adjustment
>
> Anyone know how to adjust something that hit the AP Clearing
account?
> Manual journal entry?
>
> TIA,
>
> M. Manasa Reddy
> ERP / Inventory & Procurement Manager
> Welding Company of America
> manasa@... <mailto:manasa%40weldcoa.com>
> <mailto:manasa%40weldcoa.com>
> <mailto:manasa%40weldcoa.com>
> <mailto:manasa%40weldcoa.com>
> <mailto:manasa%40weldcoa.com>
> P: 630-806-2000
> F: 630-806-2001
>
> [Non-text portions of this message have been removed]
>
> This message has been processed via your triumphgroup.com e-mail
> address.
>
> [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]
>
> This message has been processed via your triumphgroup.com e-mail
> address.
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> [Non-text portions of this message have been removed]
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>
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> [Non-text portions of this message have been removed]
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[Non-text portions of this message have been removed]
14
Stephanie,
What do you mean by "part"? So, where the difference goes depends on
how the purchase order is set up -- inventory, job material, etc.?
Where can I get more information on this?
Dawn Balinski


--- In vantage@yahoogroups.com, "Geary, Stephanie" <sgeary@...> wrote:
>
> The .50 goes to purchase price variance if it is a purchase of
a "part"
> - if it is other kinds of purchases it going to the account number
the
> original 5.00 goes to... if it is expense it goes to that account
but if
> it is for inventory it goes to purchase price variance.
>
>
>
> ________________________________
>
> From: vantage@yahoogroups.com [mailto:vantage@yahoogroups.com] On
Behalf
> Of ctgsfinance
> Sent: Friday, September 07, 2007 8:30 AM
> To: vantage@yahoogroups.com
> Subject: [Vantage] Re: AP Clearing adjustment
>
>
>
> I have a question on the same topic (Accrued A/P). If we receive
> something in at $5 and the invoice comes in for $5.50, how can we
get
> the $.50 difference to go through the Purchase Price Variance
account?
>
> Dawn Balinski
> Commercial Tool & Die, Inc.
>
> --- In vantage@yahoogroups.com <mailto:vantage%40yahoogroups.com> ,
> "Manasa Reddy" <manasa@> wrote:
> >
> > Yep, it was last month, so I will go down the path of the dummy
> invoice.
> >
> >
> >
> > Thanks to all who responded!
> >
> >
> >
> >
> >
> >
> >
> > M. Manasa Reddy
> >
> > manasa@
> >
> > P: 630-806-2000
> >
> > F: 630-806-2001
> >
> > ________________________________
> >
> > From: vantage@yahoogroups.com <mailto:vantage%40yahoogroups.com>
> [mailto:vantage@yahoogroups.com <mailto:vantage%
40yahoogroups.com> ] On
> Behalf
> > Of Geary, Stephanie
> > Sent: Thursday, September 06, 2007 8:20 AM
> > To: vantage@yahoogroups.com <mailto:vantage%40yahoogroups.com>
> > Subject: RE: [Vantage] AP Clearing adjustment
> >
> >
> >
> > If it is in the same month you can delete the receipt but if it
was
> in a
> > prior month it will mess up your balances at month end.
> >
> > ________________________________
> >
> > From: vantage@yahoogroups.com <mailto:vantage%40yahoogroups.com>
> <mailto:vantage%40yahoogroups.com>
> > [mailto:vantage@yahoogroups.com <mailto:vantage%40yahoogroups.com>
> <mailto:vantage%
> 40yahoogroups.com> ] On
> > Behalf
> > Of Randy Lunsford
> > Sent: Thursday, September 06, 2007 9:16 AM
> > To: vantage@yahoogroups.com <mailto:vantage%40yahoogroups.com>
> <mailto:vantage%40yahoogroups.com>
> > Subject: RE: [Vantage] AP Clearing adjustment
> >
> > This may be too simplistic, but just delete the receipt. If that
> > doesn't work, enter an invoice to the vendor and attach the
receipt
> and
> > then adjust out the invoice through A/P.
> >
> > Randall Lunsford
> >
> > Excel Machinery, Ltd.
> > e-mail: rlunsf@ <mailto:rlunsf%40excelmach.com>
> > <mailto:rlunsf%40excelmach.com>
> > Phone: (806) 335-4565 ext. 531
> > Fax: (806) 335-9017
> >
> > ________________________________
> >
> > From: vantage@yahoogroups.com <mailto:vantage%40yahoogroups.com>
> <mailto:vantage%40yahoogroups.com>
> > <mailto:vantage%40yahoogroups.com>
> > [mailto:vantage@yahoogroups.com <mailto:vantage%40yahoogroups.com>
> <mailto:vantage%40yahoogroups.com>
> > <mailto:vantage%40yahoogroups.com> ] On
> > Behalf
> > Of Manasa Reddy
> > Sent: Thursday, September 06, 2007 8:05 AM
> > To: vantage@yahoogroups.com <mailto:vantage%40yahoogroups.com>
> <mailto:vantage%40yahoogroups.com>
> > <mailto:vantage%40yahoogroups.com>
> > Subject: RE: [Vantage] AP Clearing adjustment
> >
> > We received something (somehow) that should not have been
received.
> So
> > I have $8000 sitting in this account that should not be there.
> >
> > So we are wondering how to get rid of it, adjust it, whatever.
> >
> > M. Manasa Reddy
> >
> > manasa@ <mailto:manasa%40weldcoa.com>
> > <mailto:manasa%40weldcoa.com>
> > <mailto:manasa%40weldcoa.com>
> >
> > P: 630-806-2000
> >
> > F: 630-806-2001
> >
> > ________________________________
> >
> > From: vantage@yahoogroups.com <mailto:vantage%40yahoogroups.com>
> <mailto:vantage%40yahoogroups.com>
> > <mailto:vantage%40yahoogroups.com>
> > <mailto:vantage%40yahoogroups.com>
> > [mailto:vantage@yahoogroups.com <mailto:vantage%40yahoogroups.com>
> <mailto:vantage%40yahoogroups.com>
> > <mailto:vantage%40yahoogroups.com>
> > <mailto:vantage%40yahoogroups.com> ] On
> > Behalf
> > Of Geary, Stephanie
> > Sent: Thursday, September 06, 2007 6:50 AM
> > To: vantage@yahoogroups.com <mailto:vantage%40yahoogroups.com>
> <mailto:vantage%40yahoogroups.com>
> > <mailto:vantage%40yahoogroups.com>
> > <mailto:vantage%40yahoogroups.com>
> > Subject: RE: [Vantage] AP Clearing adjustment
> >
> > What are you trying to do?
> >
> > ________________________________
> >
> > From: vantage@yahoogroups.com <mailto:vantage%40yahoogroups.com>
> <mailto:vantage%40yahoogroups.com>
> > <mailto:vantage%40yahoogroups.com>
> > <mailto:vantage%40yahoogroups.com>
> > <mailto:vantage%40yahoogroups.com>
> > [mailto:vantage@yahoogroups.com <mailto:vantage%40yahoogroups.com>
> <mailto:vantage%40yahoogroups.com>
> > <mailto:vantage%40yahoogroups.com>
> > <mailto:vantage%40yahoogroups.com>
> > <mailto:vantage%40yahoogroups.com> ] On
> > Behalf
> > Of Manasa Reddy
> > Sent: Wednesday, September 05, 2007 4:50 PM
> > To: vantage@yahoogroups.com <mailto:vantage%40yahoogroups.com>
> <mailto:vantage%40yahoogroups.com>
> > <mailto:vantage%40yahoogroups.com>
> > <mailto:vantage%40yahoogroups.com>
> > <mailto:vantage%40yahoogroups.com>
> > Subject: [Vantage] AP Clearing adjustment
> >
> > Anyone know how to adjust something that hit the AP Clearing
> account?
> > Manual journal entry?
> >
> > TIA,
> >
> > M. Manasa Reddy
> > ERP / Inventory & Procurement Manager
> > Welding Company of America
> > manasa@ <mailto:manasa%40weldcoa.com>
> > <mailto:manasa%40weldcoa.com>
> > <mailto:manasa%40weldcoa.com>
> > <mailto:manasa%40weldcoa.com>
> > <mailto:manasa%40weldcoa.com>
> > P: 630-806-2000
> > F: 630-806-2001
> >
> > [Non-text portions of this message have been removed]
> >
> > This message has been processed via your triumphgroup.com e-mail
> > address.
> >
> > [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]
> >
> > This message has been processed via your triumphgroup.com e-mail
> > address.
> >
> > [Non-text portions of this message have been removed]
> >
> >
> >
> >
> >
> > [Non-text portions of this message have been removed]
> >
>
>
> This message has been processed via your triumphgroup.com e-mail
> address.
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>
> [Non-text portions of this message have been removed]
>