What generates this in a WIP/Inventory Reconciliation? Thanks!
> -----Original Message-----Funny you should bring up WIP/Inventory reconciliation. The guy who
> From: Tricia Simon [SMTP:t.simon@...]
> Sent: Monday, January 21, 2002 3:03 PM
> To: Vantage One-List (E-mail)
> Subject: [Vantage] Phantom Purge
>
> What generates this in a WIP/Inventory Reconciliation? Thanks!
>
>
used to take care of this for us quit about 4 months ago. We hired a temp
who pretended to do the reconciliation, botched everything up, and is no
longer with us. Our WIP value appears to be about minus $90,000. Kara
Stoller (who posts on the group occasionally) and I are trying to straighten
the mess out. I am of limited help to Kara since I am only a student of
accounting. Both of us are ready to tear our hair out and OD on Prozac.
Any advice?
dk
I think Tricia wants to know what triggers the phantom purge. I believe it
is the capture cost of goods sold function.
-----Original Message-----
From: David Kaufman [SMTP:DKaufman@...]
Sent: Monday, January 21, 2002 3:28 PM
To: 'vantage@yahoogroups.com'
Subject: RE: [Vantage] Phantom Purge
used to take care of this for us quit about 4 months ago. We hired a temp
who pretended to do the reconciliation, botched everything up, and is no
longer with us. Our WIP value appears to be about minus $90,000. Kara
Stoller (who posts on the group occasionally) and I are trying to
straighten
the mess out. I am of limited help to Kara since I am only a student of
accounting. Both of us are ready to tear our hair out and OD on Prozac.
Any advice?
dk
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/
is the capture cost of goods sold function.
-----Original Message-----
From: David Kaufman [SMTP:DKaufman@...]
Sent: Monday, January 21, 2002 3:28 PM
To: 'vantage@yahoogroups.com'
Subject: RE: [Vantage] Phantom Purge
> -----Original Message-----Funny you should bring up WIP/Inventory reconciliation. The guy who
> From: Tricia Simon [SMTP:t.simon@...]
> Sent: Monday, January 21, 2002 3:03 PM
> To: Vantage One-List (E-mail)
> Subject: [Vantage] Phantom Purge
>
> What generates this in a WIP/Inventory Reconciliation? Thanks!
>
>
used to take care of this for us quit about 4 months ago. We hired a temp
who pretended to do the reconciliation, botched everything up, and is no
longer with us. Our WIP value appears to be about minus $90,000. Kara
Stoller (who posts on the group occasionally) and I are trying to
straighten
the mess out. I am of limited help to Kara since I am only a student of
accounting. Both of us are ready to tear our hair out and OD on Prozac.
Any advice?
dk
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/
These are "created" when you run the WIP/Inventory recon. report. They are
variance transactions that will be posted when you run the capture and post
it. The phantoms do not get posted to your GL or remain in the database.
They only exist to create the report. They would be posted as MAN-VAR
transactions.
Jerry Boyle
Sipco Molding Technologies
Meadville, Pa. 16335-6725
814.724.2243
www.sipco.com
Vantage 5.00.338
-----Original Message-----
From: Tricia Simon [mailto:t.simon@...]
Sent: Monday, January 21, 2002 3:03 PM
To: Vantage One-List (E-mail)
Subject: [Vantage] Phantom Purge
What generates this in a WIP/Inventory Reconciliation? Thanks!
variance transactions that will be posted when you run the capture and post
it. The phantoms do not get posted to your GL or remain in the database.
They only exist to create the report. They would be posted as MAN-VAR
transactions.
Jerry Boyle
Sipco Molding Technologies
Meadville, Pa. 16335-6725
814.724.2243
www.sipco.com
Vantage 5.00.338
-----Original Message-----
From: Tricia Simon [mailto:t.simon@...]
Sent: Monday, January 21, 2002 3:03 PM
To: Vantage One-List (E-mail)
Subject: [Vantage] Phantom Purge
What generates this in a WIP/Inventory Reconciliation? Thanks!
1 Like
There is a variety of things that cause phantoms. If steps are not
followed exactly, (ex. A shipper was cut before everyone was done
working on that job, if you are shipping from stock and the parts are
not received in inventory before a shipper was cut) the system creates a
phantom entry when the job is closed. It is telling you, “I don’t know
where these dollars should go, but I am going to put them here if you do
not fix it”. You should review all of the phantoms before doing a WIP
capture. These amounts should be cleared out. The Operations Manager
is our “Phantom Master”. From what I understand, one of the things he
does is reopens the job and receives the parts to stock inventory.
There maybe other things that I do not know about – but he will let me
know every month after he has cleared all of the phantoms so I can do
the WIP capture.
Debbie Fulgenzi
DEBRON INDUSTRIAL ELECTRONICS
Fulgenzi@...
-----Original Message-----
From: David Kaufman [mailto:DKaufman@...]
Sent: Monday, January 21, 2002 4:28 PM
To: 'vantage@yahoogroups.com'
Subject: RE: [Vantage] Phantom Purge
who
used to take care of this for us quit about 4 months ago. We hired a
temp
who pretended to do the reconciliation, botched everything up, and is no
longer with us. Our WIP value appears to be about minus $90,000. Kara
Stoller (who posts on the group occasionally) and I are trying to
straighten
the mess out. I am of limited help to Kara since I am only a student of
accounting. Both of us are ready to tear our hair out and OD on Prozac.
Any advice?
dk
Yahoo! Groups Sponsor
ADVERTISEMENT
<http://rd.yahoo.com/M=215002.1818248.3328688.1261774/D=egroupweb/S=1705
007183:HM/A=847665/R=0/*http:/ads.x10.com/?bHlhaG9vbW9uc3RlcjcuZGF0=1011
648665%3eM=215002.1818248.3328688.1261774/D=egroupweb/S=1705007183:HM/A=
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pmail/S=1705007183:HM/A=847665/rand=575780543>
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/.
<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 the Yahoo!
<http://docs.yahoo.com/info/terms/> Terms of Service.
[Non-text portions of this message have been removed]
followed exactly, (ex. A shipper was cut before everyone was done
working on that job, if you are shipping from stock and the parts are
not received in inventory before a shipper was cut) the system creates a
phantom entry when the job is closed. It is telling you, “I don’t know
where these dollars should go, but I am going to put them here if you do
not fix it”. You should review all of the phantoms before doing a WIP
capture. These amounts should be cleared out. The Operations Manager
is our “Phantom Master”. From what I understand, one of the things he
does is reopens the job and receives the parts to stock inventory.
There maybe other things that I do not know about – but he will let me
know every month after he has cleared all of the phantoms so I can do
the WIP capture.
Debbie Fulgenzi
DEBRON INDUSTRIAL ELECTRONICS
Fulgenzi@...
-----Original Message-----
From: David Kaufman [mailto:DKaufman@...]
Sent: Monday, January 21, 2002 4:28 PM
To: 'vantage@yahoogroups.com'
Subject: RE: [Vantage] Phantom Purge
> -----Original Message-----Funny you should bring up WIP/Inventory reconciliation. The guy
> From: Tricia Simon [SMTP:t.simon@...]
> Sent: Monday, January 21, 2002 3:03 PM
> To: Vantage One-List (E-mail)
> Subject: [Vantage] Phantom Purge
>
> What generates this in a WIP/Inventory Reconciliation? Thanks!
>
>
who
used to take care of this for us quit about 4 months ago. We hired a
temp
who pretended to do the reconciliation, botched everything up, and is no
longer with us. Our WIP value appears to be about minus $90,000. Kara
Stoller (who posts on the group occasionally) and I are trying to
straighten
the mess out. I am of limited help to Kara since I am only a student of
accounting. Both of us are ready to tear our hair out and OD on Prozac.
Any advice?
dk
Yahoo! Groups Sponsor
ADVERTISEMENT
<http://rd.yahoo.com/M=215002.1818248.3328688.1261774/D=egroupweb/S=1705
007183:HM/A=847665/R=0/*http:/ads.x10.com/?bHlhaG9vbW9uc3RlcjcuZGF0=1011
648665%3eM=215002.1818248.3328688.1261774/D=egroupweb/S=1705007183:HM/A=
847665/R=1>
<http://us.adserver.yahoo.com/l?M=215002.1818248.3328688.1261774/D=egrou
pmail/S=1705007183:HM/A=847665/rand=575780543>
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/.
<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 the Yahoo!
<http://docs.yahoo.com/info/terms/> Terms of Service.
[Non-text portions of this message have been removed]
When the job is closed, it creates phantoms.
Debbie Fulgenzi
-----Original Message-----
From: Ron LaHolt [mailto:ron@...]
Sent: Monday, January 21, 2002 4:36 PM
To: 'vantage@yahoogroups.com'
Subject: RE: [Vantage] Phantom Purge
I think Tricia wants to know what triggers the phantom purge. I believe
it
is the capture cost of goods sold function.
-----Original Message-----
From: David Kaufman [SMTP:DKaufman@...]
Sent: Monday, January 21, 2002 3:28 PM
To: 'vantage@yahoogroups.com'
Subject: RE: [Vantage] Phantom Purge
who
used to take care of this for us quit about 4 months ago. We hired a
temp
who pretended to do the reconciliation, botched everything up, and is no
longer with us. Our WIP value appears to be about minus $90,000. Kara
Stoller (who posts on the group occasionally) and I are trying to
straighten
the mess out. I am of limited help to Kara since I am only a student of
accounting. Both of us are ready to tear our hair out and OD on Prozac.
Any advice?
dk
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/.
<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/
Yahoo! Groups Sponsor
ADVERTISEMENT
<http://rd.yahoo.com/M=219350.1849043.3355872.1269402/D=egroupweb/S=1705
007183:HM/A=935585/R=0/*http:/www.gotomypc.com/u/tr/yh/grp/300_1b/g22lp?
Target=mm/g22lp.tmpl>
<http://us.adserver.yahoo.com/l?M=219350.1849043.3355872.1269402/D=egrou
pmail/S=1705007183:HM/A=935585/rand=416455768>
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/.
<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 the Yahoo!
<http://docs.yahoo.com/info/terms/> Terms of Service.
[Non-text portions of this message have been removed]
Debbie Fulgenzi
-----Original Message-----
From: Ron LaHolt [mailto:ron@...]
Sent: Monday, January 21, 2002 4:36 PM
To: 'vantage@yahoogroups.com'
Subject: RE: [Vantage] Phantom Purge
I think Tricia wants to know what triggers the phantom purge. I believe
it
is the capture cost of goods sold function.
-----Original Message-----
From: David Kaufman [SMTP:DKaufman@...]
Sent: Monday, January 21, 2002 3:28 PM
To: 'vantage@yahoogroups.com'
Subject: RE: [Vantage] Phantom Purge
> -----Original Message-----Funny you should bring up WIP/Inventory reconciliation. The guy
> From: Tricia Simon [SMTP:t.simon@...]
> Sent: Monday, January 21, 2002 3:03 PM
> To: Vantage One-List (E-mail)
> Subject: [Vantage] Phantom Purge
>
> What generates this in a WIP/Inventory Reconciliation? Thanks!
>
>
who
used to take care of this for us quit about 4 months ago. We hired a
temp
who pretended to do the reconciliation, botched everything up, and is no
longer with us. Our WIP value appears to be about minus $90,000. Kara
Stoller (who posts on the group occasionally) and I are trying to
straighten
the mess out. I am of limited help to Kara since I am only a student of
accounting. Both of us are ready to tear our hair out and OD on Prozac.
Any advice?
dk
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/.
<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/
Yahoo! Groups Sponsor
ADVERTISEMENT
<http://rd.yahoo.com/M=219350.1849043.3355872.1269402/D=egroupweb/S=1705
007183:HM/A=935585/R=0/*http:/www.gotomypc.com/u/tr/yh/grp/300_1b/g22lp?
Target=mm/g22lp.tmpl>
<http://us.adserver.yahoo.com/l?M=219350.1849043.3355872.1269402/D=egrou
pmail/S=1705007183:HM/A=935585/rand=416455768>
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/.
<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 the Yahoo!
<http://docs.yahoo.com/info/terms/> Terms of Service.
[Non-text portions of this message have been removed]
These entries will be posted to your general ledger if your WIP is
posted to your general ledger. They appear when you close a job and you
will find them when you run the WIP Capture Report. They will always
appear on the last day of the report. They should be reconciled before
you run your WIP Capture. We have spent many hours dealing with
“Phantom” issues.
Debbie Fulgenzi
DEBRON INDUSTRIAL ELECTRONICS
-----Original Message-----
From: Jerry Boyle [mailto:jboyle@...]
Sent: Monday, January 21, 2002 4:53 PM
To: vantage@yahoogroups.com
Subject: RE: [Vantage] Phantom Purge
These are "created" when you run the WIP/Inventory recon. report. They
are
variance transactions that will be posted when you run the capture and
post
it. The phantoms do not get posted to your GL or remain in the
database.
They only exist to create the report. They would be posted as MAN-VAR
transactions.
Jerry Boyle
Sipco Molding Technologies
Meadville, Pa. 16335-6725
814.724.2243
www.sipco.com
Vantage 5.00.338
-----Original Message-----
From: Tricia Simon [mailto:t.simon@...]
Sent: Monday, January 21, 2002 3:03 PM
To: Vantage One-List (E-mail)
Subject: [Vantage] Phantom Purge
What generates this in a WIP/Inventory Reconciliation? Thanks!
Yahoo! Groups Sponsor
ADVERTISEMENT
<http://rd.yahoo.com/M=219350.1849043.3355872.1269402/D=egroupweb/S=1705
007183:HM/A=935586/R=0/*http:/www.gotomypc.com/u/tr/yh/grp/300_g2_01/g22
lp?Target=mm/g22lp.tmpl>
<http://us.adserver.yahoo.com/l?M=219350.1849043.3355872.1269402/D=egrou
pmail/S=1705007183:HM/A=935586/rand=467036468>
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/.
<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 the Yahoo!
<http://docs.yahoo.com/info/terms/> Terms of Service.
[Non-text portions of this message have been removed]
posted to your general ledger. They appear when you close a job and you
will find them when you run the WIP Capture Report. They will always
appear on the last day of the report. They should be reconciled before
you run your WIP Capture. We have spent many hours dealing with
“Phantom” issues.
Debbie Fulgenzi
DEBRON INDUSTRIAL ELECTRONICS
-----Original Message-----
From: Jerry Boyle [mailto:jboyle@...]
Sent: Monday, January 21, 2002 4:53 PM
To: vantage@yahoogroups.com
Subject: RE: [Vantage] Phantom Purge
These are "created" when you run the WIP/Inventory recon. report. They
are
variance transactions that will be posted when you run the capture and
post
it. The phantoms do not get posted to your GL or remain in the
database.
They only exist to create the report. They would be posted as MAN-VAR
transactions.
Jerry Boyle
Sipco Molding Technologies
Meadville, Pa. 16335-6725
814.724.2243
www.sipco.com
Vantage 5.00.338
-----Original Message-----
From: Tricia Simon [mailto:t.simon@...]
Sent: Monday, January 21, 2002 3:03 PM
To: Vantage One-List (E-mail)
Subject: [Vantage] Phantom Purge
What generates this in a WIP/Inventory Reconciliation? Thanks!
Yahoo! Groups Sponsor
ADVERTISEMENT
<http://rd.yahoo.com/M=219350.1849043.3355872.1269402/D=egroupweb/S=1705
007183:HM/A=935586/R=0/*http:/www.gotomypc.com/u/tr/yh/grp/300_g2_01/g22
lp?Target=mm/g22lp.tmpl>
<http://us.adserver.yahoo.com/l?M=219350.1849043.3355872.1269402/D=egrou
pmail/S=1705007183:HM/A=935586/rand=467036468>
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/.
<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 the Yahoo!
<http://docs.yahoo.com/info/terms/> Terms of Service.
[Non-text portions of this message have been removed]
How does he adjust for the phantoms. If there are costs left on the w/o for a reason other than it should be in stock or should have shipped like if the cost is left on the work order because a pc was lost or the dmr was not disp. soon enough for the cost to go with the pcs that shipped or were put to stock. Are you saying that you never have phantom purges?
Stephanie Geary
---------------------------------
Do You Yahoo!?
Send FREE video emails in Yahoo! Mail.
[Non-text portions of this message have been removed]
Stephanie Geary
---------------------------------
Do You Yahoo!?
Send FREE video emails in Yahoo! Mail.
[Non-text portions of this message have been removed]
Stephanie,
I need additional information. Are you shipping from
inventory? A job? Or both? Is the cost of the lost piece or dmr part
of the cost of the work order? Are those amounts used in calculating the
cost of the piece? What cost method are you using – Standard / Average?
I am saying we do not have phantom purges.
Debbie Fulgenzi
DEBRON INDUSTRIAL ELECTRONICS
-----Original Message-----
From: Stephanie Geary [mailto:sageary25@...]
Sent: Tuesday, January 22, 2002 8:40 AM
To: vantage@yahoogroups.com
Subject: RE: [Vantage] Phantom Purge
How does he adjust for the phantoms. If there are costs left on the w/o
for a reason other than it should be in stock or should have shipped
like if the cost is left on the work order because a pc was lost or the
dmr was not disp. soon enough for the cost to go with the pcs that
shipped or were put to stock. Are you saying that you never have
phantom purges?
Stephanie Geary
---------------------------------
Do You Yahoo!?
Send FREE video emails in Yahoo! Mail.
[Non-text portions of this message have been removed]
Yahoo! Groups Sponsor
<http://rd.yahoo.com/M=153641.1824646.3335993.1261774/D=egroupweb/S=1705
007183:HM/A=889707/R=0/*http:/shop.store.yahoo.com/cgi-bin/clink?gloss2+
shopping:dmad/M=153641.1824646.3335993.1261774/D=egroupweb/S=1705007183:
HM/A=889707/R=1/1011706807+http://us.rmi.yahoo.com/rmi/http://www.gloss.
com/rmi-framed-url/http://www.gloss.com/module/EsteeLauder/templates/pro
duct/prod_multi.jhtml%3FmCategoryId=cat40207%26mktAdTrack=22000072> []
<http://us.adserver.yahoo.com/l?M=153641.1824646.3335993.1261774/D=egrou
pmail/S=1705007183:HM/A=889707/rand=993661836>
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/.
<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 the Yahoo!
<http://docs.yahoo.com/info/terms/> Terms of Service.
[Non-text portions of this message have been removed]
I need additional information. Are you shipping from
inventory? A job? Or both? Is the cost of the lost piece or dmr part
of the cost of the work order? Are those amounts used in calculating the
cost of the piece? What cost method are you using – Standard / Average?
I am saying we do not have phantom purges.
Debbie Fulgenzi
DEBRON INDUSTRIAL ELECTRONICS
-----Original Message-----
From: Stephanie Geary [mailto:sageary25@...]
Sent: Tuesday, January 22, 2002 8:40 AM
To: vantage@yahoogroups.com
Subject: RE: [Vantage] Phantom Purge
How does he adjust for the phantoms. If there are costs left on the w/o
for a reason other than it should be in stock or should have shipped
like if the cost is left on the work order because a pc was lost or the
dmr was not disp. soon enough for the cost to go with the pcs that
shipped or were put to stock. Are you saying that you never have
phantom purges?
Stephanie Geary
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Debbie,
We are shipping from both manufacturing and from inventory we are using an average cost method. It should be that the dmr is answered before the parts are shipped or put to inventory, but with our error and errors from vantage (it wasn't working like it should) this isn't happening all the time. For most part, the costs are being purged because of dmr's not being answered in time for the cost to go with the parts if they are being shipped or being put to inventory. How would you fix these purges before you run capture?
Stephanie Geary
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[Non-text portions of this message have been removed]
We are shipping from both manufacturing and from inventory we are using an average cost method. It should be that the dmr is answered before the parts are shipped or put to inventory, but with our error and errors from vantage (it wasn't working like it should) this isn't happening all the time. For most part, the costs are being purged because of dmr's not being answered in time for the cost to go with the parts if they are being shipped or being put to inventory. How would you fix these purges before you run capture?
Stephanie Geary
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[Non-text portions of this message have been removed]
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Stephanie,
Run the “Inventory WIP/COS Reconciliation Report” – for your
Manufacturing Variance account and off setting accounts for a period you
have not run the WIP Capture for yet. Call me at 248 588-7220 x1220
between 2:00pm and 3:00pm EST this afternoon and Dave and I will help
you work through the process.
Debbie Fulgenzi
Debron Industrial Electronics
Fulgenzi@...
248 588-7220 x1220
-----Original Message-----
From: Stephanie Geary [mailto:sageary25@...]
Sent: Tuesday, January 22, 2002 9:40 AM
To: vantage@yahoogroups.com
Subject: RE: [Vantage] Phantom Purge
Debbie,
We are shipping from both manufacturing and from inventory we are using
an average cost method. It should be that the dmr is answered before
the parts are shipped or put to inventory, but with our error and errors
from vantage (it wasn't working like it should) this isn't happening all
the time. For most part, the costs are being purged because of dmr's
not being answered in time for the cost to go with the parts if they are
being shipped or being put to inventory. How would you fix these purges
before you run capture?
Stephanie Geary
---------------------------------
Do You Yahoo!?
Send FREE video emails in Yahoo! Mail.
[Non-text portions of this message have been removed]
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<http://rd.yahoo.com/M=153641.1824646.3335993.1261774/D=egroupweb/S=1705
007183:HM/A=889707/R=0/*http:/shop.store.yahoo.com/cgi-bin/clink?gloss2+
shopping:dmad/M=153641.1824646.3335993.1261774/D=egroupweb/S=1705007183:
HM/A=889707/R=1/1011710373+http://us.rmi.yahoo.com/rmi/http://www.gloss.
com/rmi-framed-url/http://www.gloss.com/module/EsteeLauder/templates/pro
duct/prod_multi.jhtml%3FmCategoryId=cat40207%26mktAdTrack=22000072> []
<http://us.adserver.yahoo.com/l?M=153641.1824646.3335993.1261774/D=egrou
pmail/S=1705007183:HM/A=889707/rand=911312669>
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/.
<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 the Yahoo!
<http://docs.yahoo.com/info/terms/> Terms of Service.
[Non-text portions of this message have been removed]
Run the “Inventory WIP/COS Reconciliation Report” – for your
Manufacturing Variance account and off setting accounts for a period you
have not run the WIP Capture for yet. Call me at 248 588-7220 x1220
between 2:00pm and 3:00pm EST this afternoon and Dave and I will help
you work through the process.
Debbie Fulgenzi
Debron Industrial Electronics
Fulgenzi@...
248 588-7220 x1220
-----Original Message-----
From: Stephanie Geary [mailto:sageary25@...]
Sent: Tuesday, January 22, 2002 9:40 AM
To: vantage@yahoogroups.com
Subject: RE: [Vantage] Phantom Purge
Debbie,
We are shipping from both manufacturing and from inventory we are using
an average cost method. It should be that the dmr is answered before
the parts are shipped or put to inventory, but with our error and errors
from vantage (it wasn't working like it should) this isn't happening all
the time. For most part, the costs are being purged because of dmr's
not being answered in time for the cost to go with the parts if they are
being shipped or being put to inventory. How would you fix these purges
before you run capture?
Stephanie Geary
---------------------------------
Do You Yahoo!?
Send FREE video emails in Yahoo! Mail.
[Non-text portions of this message have been removed]
Yahoo! Groups Sponsor
<http://rd.yahoo.com/M=153641.1824646.3335993.1261774/D=egroupweb/S=1705
007183:HM/A=889707/R=0/*http:/shop.store.yahoo.com/cgi-bin/clink?gloss2+
shopping:dmad/M=153641.1824646.3335993.1261774/D=egroupweb/S=1705007183:
HM/A=889707/R=1/1011710373+http://us.rmi.yahoo.com/rmi/http://www.gloss.
com/rmi-framed-url/http://www.gloss.com/module/EsteeLauder/templates/pro
duct/prod_multi.jhtml%3FmCategoryId=cat40207%26mktAdTrack=22000072> []
<http://us.adserver.yahoo.com/l?M=153641.1824646.3335993.1261774/D=egrou
pmail/S=1705007183:HM/A=889707/rand=911312669>
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/.
<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 the Yahoo!
<http://docs.yahoo.com/info/terms/> Terms of Service.
[Non-text portions of this message have been removed]
1 Like
Debbie,
Thanks so much I will definatly do that. Thanks in advance for taking the time for me.
Stephanie A. Geary, Assistant Controller
K-T Corporation
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Thanks so much I will definatly do that. Thanks in advance for taking the time for me.
Stephanie A. Geary, Assistant Controller
K-T Corporation
---------------------------------
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[Non-text portions of this message have been removed]
1 Like