Job Costing Blank Title 55544

Yahoo Archive
1
It's the same in V8. Check your Inventory/WIP Reconciliation report
(Vantage --> Production Management --> Job Management --> Reports). If
everything looks good there, run Capture COS/WIP Activity (Vantage -->
Production Management --> Job Management --> General Operations) which
will post WIP details to GL.

________________________________

From: vantage@yahoogroups.com [mailto:vantage@yahoogroups.com] On Behalf
Of Karen Brodniak
Sent: Tuesday, March 20, 2007 1:29 PM
To: vantage@yahoogroups.com
Subject: RE: [Vantage] Job Costing



We are on 6.1, but Version 8 is probably the same. You must capture and
post your WIP to get it to the GL. However, in 6.1, we only post once a
month due to the fact that often times, the cost of sales does not post
correctly. This is due to a lot of factors, most often that not all
expenses have been posted to the job, or processes not complete, etc. If
you capture and post often, say weekly, then close a job and more
expenses are posted to the job, those expenses will purge out of the job
and show up as a manufacturing variance in your cost of sales accounts.

If WIP has not been captured and posted, the cost of sales will
recalculate and distribute correctly when additional expenses are posted
or processes are complete, up until the job is closed and WIP is
captured and posted.

Karen Brodniak

Accounting Manager

karen.brodniak@...
<mailto:karen.brodniak%40westwoodprecision.com>

425-742-7011 X44

Fax 425-353-8945

-----Original Message-----
From: vantage@yahoogroups.com <mailto:vantage%40yahoogroups.com>
[mailto:vantage@yahoogroups.com <mailto:vantage%40yahoogroups.com> ] On
Behalf
Of rre927
Sent: Tuesday, March 20, 2007 9:11 AM
To: vantage@yahoogroups.com <mailto:vantage%40yahoogroups.com>
Subject: [Vantage] Job Costing

Were are just now running our first practice jobs in 8.03. We have
gone from sales order to invoicing the job. Our production detail
report is showing our material costs and burden amounts. But the GL
shows no expenses. I am only showing our material purchase
transaction and the sales/AR transaction. Where have I gone wrong?
The job is completed and closed. Please forgive my ignorance, this is
our first attempt at such an involved system. We have never used job
costing before.

Thanks!

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2
Were are just now running our first practice jobs in 8.03. We have
gone from sales order to invoicing the job. Our production detail
report is showing our material costs and burden amounts. But the GL
shows no expenses. I am only showing our material purchase
transaction and the sales/AR transaction. Where have I gone wrong?
The job is completed and closed. Please forgive my ignorance, this is
our first attempt at such an involved system. We have never used job
costing before.

Thanks!
3
We are on 6.1, but Version 8 is probably the same. You must capture and
post your WIP to get it to the GL. However, in 6.1, we only post once a
month due to the fact that often times, the cost of sales does not post
correctly. This is due to a lot of factors, most often that not all
expenses have been posted to the job, or processes not complete, etc. If
you capture and post often, say weekly, then close a job and more
expenses are posted to the job, those expenses will purge out of the job
and show up as a manufacturing variance in your cost of sales accounts.



If WIP has not been captured and posted, the cost of sales will
recalculate and distribute correctly when additional expenses are posted
or processes are complete, up until the job is closed and WIP is
captured and posted.



Karen Brodniak

Accounting Manager

karen.brodniak@...

425-742-7011 X44

Fax 425-353-8945



-----Original Message-----
From: vantage@yahoogroups.com [mailto:vantage@yahoogroups.com] On Behalf
Of rre927
Sent: Tuesday, March 20, 2007 9:11 AM
To: vantage@yahoogroups.com
Subject: [Vantage] Job Costing



Were are just now running our first practice jobs in 8.03. We have
gone from sales order to invoicing the job. Our production detail
report is showing our material costs and burden amounts. But the GL
shows no expenses. I am only showing our material purchase
transaction and the sales/AR transaction. Where have I gone wrong?
The job is completed and closed. Please forgive my ignorance, this is
our first attempt at such an involved system. We have never used job
costing before.

Thanks!





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