Deb, the $ amount isn't all that large so as you say, not much harm is done.
However, it goes to WIP anyway and doesn't affect the financials. You can go
ahead and clear those invoices in the previous month so that those
miscellaneous charges will be entered in the correct month, but your AP
person will have to be very careful about keeping the report in order.
We have several reports that must be ran before any activity for the new
month takes place. Inspection Pending is another report that can be time
consuming and frustrating to balance but as long as it is ran on the 1st of
the month before any activity takes place, it should balance with the GL.
I would also like to see reports that accurately reflect the period asked
for. Thanks for the feedback.
Karen Brodniak
Accounting Manager
Phone: 425-742-7011 x44
Fax: 425-353-8945
karen.brodniak@...
-----Original Message-----
From: Wilmoth, Deb [mailto:Deb@...]
Sent: Wednesday, August 29, 2001 2:27 PM
To: 'vantage@yahoogroups.com'
Subject: RE: [Vantage] Reconciling the A/P Clearing Account
Karen, I can see how this would work. However, then A/P is understated for
all the miscellaneous charges (freight, taxes, lot charges, cert fees, etc.)
attributable to those invoices in the previous month. IF those are not
large $ amounts, not much harm is done. It is rotten to have to make work
arounds and pick the lesser of the evils. I would prefer to see the
programming changed OR reports that accurately reflects the period so that
reconciling all balance sheet accounts is possible.
-----Original Message-----
From: Karen Brodniak [mailto:karen.brodniak@...]
Sent: Monday, August 27, 2001 10:32 AM
To: vantage@yahoogroups.com
Subject: RE: [Vantage] Reconciling the A/P Clearing Account
Yes, I reconcile the A/P Clearing each month to the penny. The key to
getting the "Received but not Invoiced" report to match the GL is to run the
report on the 1st of the month before any AP activity has been recorded.
What happens is that if you do not run the report and clear an invoice in
the month you are actually in, that invoice disappears off the report, even
though it was still in clearing at the previous month's end. Once an invoice
is cleared, it is gone off the report, not matter what day you run the
receipt date to. To avoid confusion and backtracking to make the report
match, we run the report on the first and don't clear any invoices in the
previous month.
Karen Brodniak
Accounting Manager
karen.brodniak@...
[
[Non-text portions of this message have been removed]
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However, it goes to WIP anyway and doesn't affect the financials. You can go
ahead and clear those invoices in the previous month so that those
miscellaneous charges will be entered in the correct month, but your AP
person will have to be very careful about keeping the report in order.
We have several reports that must be ran before any activity for the new
month takes place. Inspection Pending is another report that can be time
consuming and frustrating to balance but as long as it is ran on the 1st of
the month before any activity takes place, it should balance with the GL.
I would also like to see reports that accurately reflect the period asked
for. Thanks for the feedback.
Karen Brodniak
Accounting Manager
Phone: 425-742-7011 x44
Fax: 425-353-8945
karen.brodniak@...
-----Original Message-----
From: Wilmoth, Deb [mailto:Deb@...]
Sent: Wednesday, August 29, 2001 2:27 PM
To: 'vantage@yahoogroups.com'
Subject: RE: [Vantage] Reconciling the A/P Clearing Account
Karen, I can see how this would work. However, then A/P is understated for
all the miscellaneous charges (freight, taxes, lot charges, cert fees, etc.)
attributable to those invoices in the previous month. IF those are not
large $ amounts, not much harm is done. It is rotten to have to make work
arounds and pick the lesser of the evils. I would prefer to see the
programming changed OR reports that accurately reflects the period so that
reconciling all balance sheet accounts is possible.
-----Original Message-----
From: Karen Brodniak [mailto:karen.brodniak@...]
Sent: Monday, August 27, 2001 10:32 AM
To: vantage@yahoogroups.com
Subject: RE: [Vantage] Reconciling the A/P Clearing Account
Yes, I reconcile the A/P Clearing each month to the penny. The key to
getting the "Received but not Invoiced" report to match the GL is to run the
report on the 1st of the month before any AP activity has been recorded.
What happens is that if you do not run the report and clear an invoice in
the month you are actually in, that invoice disappears off the report, even
though it was still in clearing at the previous month's end. Once an invoice
is cleared, it is gone off the report, not matter what day you run the
receipt date to. To avoid confusion and backtracking to make the report
match, we run the report on the first and don't clear any invoices in the
previous month.
Karen Brodniak
Accounting Manager
karen.brodniak@...
[
[Non-text portions of this message have been removed]
Yahoo! Groups Sponsor
ADVERTISEMENT
You can, too! Start here...
Height:
3 4 5 6 7 8 ft 0 1 2 3 4 5 6 7 8 9 10 11 in
Weight:
lbs. kg.
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 the Yahoo! Terms of Service
<http://docs.yahoo.com/info/terms/> .
[Non-text portions of this message have been removed]