Vantage Version 5.00.345
My controller came to me with a question regarding the cost adjustment of
inventoried items we manufacture. To get a more definitive answer I was
hoping for user group support. The problem shapes up like this:
We build to inventory 70% of the time and use auto receive to transfer them
into inventory. If additional costs are charged after the last move to
inventory or errors are found and corrected during job costing, the cost
changes are not transacted or reflected in the average or last cost values
for that part. Since we make several moves from the job to inventory it is
not practical to disable auto receive, I have suggested this. The ideal
solution would be for these adjustments to be made when the job is closed
and costed, but we have had this discussion before and it has been an
enhancement request for quite some time but nothing gets done.
Her question was whether making a manual cost adjustment to these inventory
items would mess anything up on the g/l side of things. Most of the time
the costs that do not get added prior to the last move of parts from the job
to inventory relate to any subcontract invoices that may not have gotten
entered or simply haven't been received. She would adjust the average and
last cost subcontract per piece cost for the amount invoiced. Does anyone
see any problems with this?
Best Regards,
Darren Mann
Miller Products Co.
My controller came to me with a question regarding the cost adjustment of
inventoried items we manufacture. To get a more definitive answer I was
hoping for user group support. The problem shapes up like this:
We build to inventory 70% of the time and use auto receive to transfer them
into inventory. If additional costs are charged after the last move to
inventory or errors are found and corrected during job costing, the cost
changes are not transacted or reflected in the average or last cost values
for that part. Since we make several moves from the job to inventory it is
not practical to disable auto receive, I have suggested this. The ideal
solution would be for these adjustments to be made when the job is closed
and costed, but we have had this discussion before and it has been an
enhancement request for quite some time but nothing gets done.
Her question was whether making a manual cost adjustment to these inventory
items would mess anything up on the g/l side of things. Most of the time
the costs that do not get added prior to the last move of parts from the job
to inventory relate to any subcontract invoices that may not have gotten
entered or simply haven't been received. She would adjust the average and
last cost subcontract per piece cost for the amount invoiced. Does anyone
see any problems with this?
Best Regards,
Darren Mann
Miller Products Co.