7303 figure will be RM -54.66 after capture wip reconciliation. Is it means that job receive inventory actual value is RM 53.04?
Izit GL Control Code → Product Group → WIP Material GL account logic same to AP clearing, only use for Epicor contra usage?
Appreciate for any reply…
@wclee I’m rather confused by the questions. I think RM is your currency symbol in Malaysia?
I think you are either
Using standard costing, or
This job has other costs (labor or subcontract) that are not shown in the screenshots. (Or both.)
If you use standard costing, then yes, it seems you used RM 53 to make a part or parts worth RM 107. And that’s perfectly fine, as far as accounting goes.
Or when you ran the report, you had a small date range (maybe only March 18?) and the labor was reported on a different day? Maybe try a bigger range of dates? (The Job Status dashboard screen can show you all of the labor dates in one place).
As far as why certain accounts get used, you can use the Inventory Transaction Hierarchy guide from EpicWeb for this.
If you need help deciphering it, then we can tackle some specific questions.
I’m try another job order in test environment. After insert labor cost, WIP material gl account double entry will be 0. May I know after I capture and post this WIP reconciliation, for GL account 7301 figure will be 0 to display in general ledger? Is it any possible to display 31.18 + 50(both is manufacturing overhead and other costs) in financial report? Thanks!
