Inventory reconciliation for companies using production orders is not complete without discussing production order work-in-process (WIP). Flushing methods can impact when entries are made to WIP as can subcontract purchase […]
Serial No & Lot No Information Record
As a user that has serial number or lot number requirements, did you know that there are Serial No and Lot No Information Records. Or are you like my last […]
Inventory Expected Cost and Subcontractors Purchase Orders, Oh and WIP…
So you use subcontractor work centers in routings for items that you produce and you find that the Planning Worksheet effectively creates your productions orders. Followed by the Subcontract Worksheet […]
Inventory to GL Reconciliation – WIP
Inventory reconciliation for companies using production orders is not complete without discussing production order work-in-process (WIP). Flushing methods can impact when entries are made to WIP as can subcontract purchase […]
Inventory to GL Reconciliation – Chapter 6 – Abnormal Date
First thought, is ‘how can a date be abnormal?’ A date is a date, right? Well, the point is that it’s abnormal to have an invoice date on a purchase […]
Inventory to GL Reconciliation – Chapter 8 – Purchase Orders
First, I tell you that you might have abnormal dates and now I’m saying that your purchase orders can cause an out of balance issue. You’re probably thinking what? How? […]
Inventory to GL Reconciliation – Chapter 7 – Adjust Cost
The most common reaction I see, when telling someone that your out of balance issue is related to Adjust Cost is, “but I have Automatic Cost Posting turned. and with […]
Inventory to GL Reconciliation – Chapter 5 – The Report
When someone inquires as to how to reconcile their inventory to the general ledger or someone complains ‘my inventory does not tie to my general ledger’, my first response is […]
Inventory to GL Reconciliation – Chapter 4 – Posting Groups
Inventory posting groups control the balance sheet portion on entries relating to inventory. When inventory posting groups do not ‘line up’ to the desired group of items, it typically points […]
Inventory to GL Reconciliation – Chapter 3 – Posting Setups
We always talk about the importance of posting setups; no where is it as important as when it comes to subledger reconciliations. There are two posting setups that are important […]