Laura D. Oliver
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Problem: PO price changes in AP-C go to WIP inventory asset , not to WIP Variance Account
When we make changes in AP-C the difference goes to the WIP inventory account. but I think the changes should go to the Variance account.
Any and all appreciated.
Laura
From the HELP file:
WO-J Close/Cancel Orders
Any PO price changes made in AP-C Enter Purchase Order Invoices will be ultimately be charged to the WIP Variance Account defined in AD-A General Ledger Defaults. The transaction detail will still post to the work order transaction files for reporting purposes.
WO WIP Variance
If any cost changes are made in AP-C Enter Purchase Order Invoices to a work order that has already been closed, the cost differences are posted to this account. A posting to this account will also occur to zero out the net cost in WIP when a Work Order is closed in WO-I Enter Finished Production or WO-J Close/Cancel Work Orders and has residual costs (actual costs in do not equal finished production out). This is normally an expense account that is adjacent to your Cost-of-Goods-Sold account
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PO $ changes should go to WIP variance account (Read 523 times)
