MFG-VAR Transactions

Yahoo Archive
1
Well part of it goes to COS. Guess they figure if something was posted to stores maybe it hasn't actually shipped yet so it goes to a variance. We ship from both manufacturing and Finished goods so our remaining cost is split between the two based on what actually happened on the work order.

Darren Mann <dmann@...> wrote:Mike
It's because Vantage doesn't know where to put any costs remaining on a job
after it has been invoiced...

I have been fighting those damn things for ever...telling Epicor they should
be charged to COS instead of moved to variance account...stupid ...no reason
for it...

Darren Mann
Miller Products Co.


-----Original Message-----
From: Michael Benedict [mailto:mbenedict@...]
Sent: Friday, May 23, 2003 12:24 PM
To: vantage@yahoogroups.com
Subject: [Vantage] MFG-VAR Transactions


Does anyone have an explaination for why these are created during the
WIP/COS posting?

Thanks,

Michael Benedict
IS Manager
Crestview Aerospace Corp.



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2
Any one using Microsoft Data Engine (MSDE)? I have written a few applications in Visual Basic which use Access database engine. The
data has grown to 150,000 records and it has slowed down the programs. I wonder if MSDE is the next step or MySQL.

Mike Tonoyan / MIS Manager
All American Products Co.
1135 Aviation Place
San Fernando, CA 91340
USA
Tel.: 818-361-0059 Ext.: 246
Fax 818-898-2236
E-mail: miket@...
Web: www.allamericanproducts.com
3
Does anyone have an explaination for why these are created during the
WIP/COS posting?

Thanks,

Michael Benedict
IS Manager
Crestview Aerospace Corp.
4
From help:
MFG-VAR transactions use the system configuration variance account for
variances for manufactured receipts to inventory. MFG-VAR transactions use
the cost of sales account for variances against shipped jobs that have no
outstanding uncosted shipments.

To see a graphic that shows the way costs from various transactions flow
through General Ledger, click here.

When a job is closed, any remaining costs are purged from WIP during the
WIP/COS calculation process. These costs are posted to the Cost of Sales
and Variance accounts in the ratio of the quantity that was shipped or sent
to inventory to the quantity relieved.


eManufacturing Help 5.00, Release D

Simply put example is if you close a job and it has no shipments or inv
receipts and no qty complete 100% goes to Mfg-Var.

Edward F. Fox, Jr., CPA
Controller
Maxson Automatic Machinery Company
Phone: 401-596-0162 x110
Fax: 401-596-1050
www.maxsonautomatic.com


-----Original Message-----
From: Michael Benedict [mailto:mbenedict@...]
Sent: Friday, May 23, 2003 1:24 PM
To: vantage@yahoogroups.com
Subject: [Vantage] MFG-VAR Transactions


Does anyone have an explaination for why these are created during the
WIP/COS posting?

Thanks,

Michael Benedict
IS Manager
Crestview Aerospace Corp.



Useful links for the Yahoo!Groups Vantage Board are: ( Note: You must have
already linked your email address to a yahoo id to enable access. )
(1) To access the Files Section of our Yahoo!Group for Report Builder and
Crystal Reports and other 'goodies', please goto:
http://groups.yahoo.com/group/vantage/files/.
(2) To search through old msg's goto:
http://groups.yahoo.com/group/vantage/messages
(3) To view links to Vendors that provide Vantage services goto:
http://groups.yahoo.com/group/vantage/links

Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/
5
Mike
It's because Vantage doesn't know where to put any costs remaining on a job
after it has been invoiced...

I have been fighting those damn things for ever...telling Epicor they should
be charged to COS instead of moved to variance account...stupid ...no reason
for it...

Darren Mann
Miller Products Co.


-----Original Message-----
From: Michael Benedict [mailto:mbenedict@...]
Sent: Friday, May 23, 2003 12:24 PM
To: vantage@yahoogroups.com
Subject: [Vantage] MFG-VAR Transactions


Does anyone have an explaination for why these are created during the
WIP/COS posting?

Thanks,

Michael Benedict
IS Manager
Crestview Aerospace Corp.



Useful links for the Yahoo!Groups Vantage Board are: ( Note: You must have
already linked your email address to a yahoo id to enable access. )
(1) To access the Files Section of our Yahoo!Group for Report Builder and
Crystal Reports and other 'goodies', please goto:
http://groups.yahoo.com/group/vantage/files/.
(2) To search through old msg's goto:
http://groups.yahoo.com/group/vantage/messages
(3) To view links to Vendors that provide Vantage services goto:
http://groups.yahoo.com/group/vantage/links

Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/


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