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Upon notification, Projects either:
Unless otherwise stated, the cost specified for the debit side of the transaction applies also to the credit side.
Note: MOH stands for material overhead. For information on material overhead charges, see Material Overhead Application.
Note: For Interorganization Transfers, the accounting entries for the Receiving Organization are shaded for clarity.
Purchasing, Inventory, or Order Entry Project Referenced Transaction | Transaction Information | Notify Projects | ||||||
---|---|---|---|---|---|---|---|---|
Account and Cost | Debit | Credit | ||||||
Purchase Order Receipt to Receiving Inspection | ||||||||
Receiving Inspection @ PO Cost | XX | No | ||||||
Inventory A/P Accrual | XX | |||||||
Delivery From Receiving Inspection To Inventory | ||||||||
| Cost Group Material @ PO Cost | XX | Yes | |||||
Receiving Inspection | XX | |||||||
Purchase Order Receipt To Inventory | ||||||||
| Receiving Inspection @ PO Cost | XX | Yes | |||||
Inventory A/P Accrual | XX | |||||||
Cost Group Material @ PO Cost | XX | |||||||
Receiving Inspection | XX | |||||||
Sales Order Shipments | ||||||||
Cost of Goods Sold @ Current Average Cost (in Cost Group) | XX | No | ||||||
Cost Group Valuation | XX | |||||||
RMA Receipt | ||||||||
Into Expense Subinventory | No Entries | N/A | ||||||
Into Project Asset Locator | Cost Group Valuation @ Current Average Cost | XX | No | |||||
Cost of Goods Sold | XX | |||||||
RMA Returns | ||||||||
From Project Locator | Cost Group Valuation @ Current Average Cost (in Cost Group) | XX | No | |||||
Cost Group Valuation | XX | |||||||
Miscellaneous Transactions | ||||||||
Receipt into Project Locator | Cost Group Valuation @ Current Average (in Project Cost Group) or User-specified Cost | XX | Yes | |||||
User-specified account | XX | |||||||
Issue from Project Locator | User Specified account @ Current Average (in Project Cost Group) or User-specified Cost | XX | Yes | |||||
Cost Group Valuation | XX | |||||||
Interorganization Transfer | ||||||||
Direct Transfer: Expense to Expense | No entries | |||||||
Direct Transfer: Standard Org. to Project excluding Expense to Expense | Cost Group Material @ Standard (in Sending Org.) + Freight and Transfer Charges | XX | Yes | |||||
Interorg. Payable | XX | |||||||
Interorg. Receivable @ Standard + Freight and Transfer Charges | XX | |||||||
Subinventory Valuation | XX | |||||||
Freight Credit | XX | |||||||
Transfer Credit | XX | |||||||
Direct Transfer: Average to Project, or vice versa, excluding Expense to Expense | Cost Group Material @ Current Average Cost (in Sending Org.) | XX | Yes | |||||
Interorg. Payable | XX | |||||||
Interorg. Receivable @ Current Average Cost (in Sending Org.) + Freight and Transfer Charges | XX | |||||||
Organization Valuation | XX | |||||||
Freight Credit | XX | |||||||
Transfer Credit | XX | |||||||
Direct Transfer: Project to Standard excluding Expense to Expense | Subinventory Valuation @ Standard | XX | Yes | |||||
Purchase Price Variance (in Receiving Organization) @ Difference Between Cost in Sending and Receiving Org. | XX | XX | ||||||
Interorg. Payable @ Current Average Cost (in Sending Org. Cost Group) | XX | |||||||
Interorg. Receivable @ Current Average Cost in Cost Group in Sending Org. | XX | |||||||
Cost Group Valuation (Sender) | XX | |||||||
Interorg Transfer via Intransit: Receipt from Intransit (Standard Org.) into Project Org (FOB Receipt) | Cost Group Material (in Receiving Org.)@ Standard Cost (in Receiving Org.) | XX | Yes | |||||
Interorg. Payable | XX | |||||||
Interorg. Receivable @ Standard Cost | XX | |||||||
Intransit Inventory | XX | |||||||
Interorg Transfer via Intransit: Receipt from Intransit (Project Org) into Project Org. (FOB Receipt) | Cost Group Material (in Receiving Org.) @ Current Average Cost (in Sending Org Cost Group) | XX | Yes | |||||
Interorg. Payable | XX | |||||||
Interorg. Receivable @ Current Average Cost (in Sending Org. Cost Group) | XX | |||||||
Intransit Inventory | XX | |||||||
Interorg Transfer via Intransit: Receipt from Intransit (Project Org) into Project Org. (FOB Shipment) | Cost Group Material @ Current Average Cost (in Common Cost Group in Receiving Org.) | XX | Yes | |||||
Intransit Payable | XX | |||||||
Interorg Transfer via Intransit: Receipt from Intransit into Project Org. (FOB Receipt) | Cost Group Valuation or Expense @ Current Average Cost (in Sending Org.) | XX | Yes | |||||
Intransit Inventory | XX | |||||||
Interorg Transfer via Intransit: Shipment to Intransit (Project Org.) from Standard Org (FOB Shipment) | Intransit Material @ Standard Cost (in Sending Org.) | XX | Yes | |||||
Interorg. Payables | XX | |||||||
Interorg. Receivable | XX | |||||||
Subinventory Valuation | XX | |||||||
Interorg Transfer via Intransit: Shipment to Intransit (Project Org.) from Project Org (FOB Shipment) | Intransit Inventory @ Current Average Cost (in Project Cost Group in Sending Org.) | XX | Yes | |||||
Interorg. Payables | XX | |||||||
Interorg. Receivable | XX | |||||||
Cost Group Valuation | XX | |||||||
Subinventory Transfer | ||||||||
Expense to Expense Subinventory, from or to same or different Project | No entries | N/A | ||||||
Different Project or Task, Asset to Asset Locator | Cost Group Valuation (in Receiving Project) @ Current Average Cost (in Cost Group in Sending Project) | XX | Yes | |||||
Cost Group Valuation or Expense (in Sending Project) | XX | |||||||
Different Project or Task, Asset to Expense Subinventory or vice versa | Cost Group Valuation or Expense (in Receiving Project) @ Current Average Cost in Cost Group (in Sending Project) | XX | Yes | |||||
Cost Group Valuation (in Sending Project) | XX | |||||||
Project to Non-project, Asset to Asset Subinventory | Organization Valuation @ Current Average Cost (in Project Cost Group) | XX | Yes | |||||
Cost Group Valuation (in Sending Project) | XX | |||||||
Non-project to Project, Asset to Asset Locator | Cost Group Valuation (in Sending Project) @ Current Average Cost in Common Cost Group | XX | Yes | |||||
Organization Valuation | XX | |||||||
Cycle Count and Physical Inventory | ||||||||
Count < On hand | Inventory Adjustment @ Current Average Cost (in Cost Group) | XX | Yes | |||||
Cost Group Valuation | XX | |||||||
Count > On hand | Cost Group Valuation @ Current Average Cost (in Cost Group) | XX | Yes | |||||
Inventory Adjustment | XX | |||||||
Average Cost Update | ||||||||
Cost Group Valuation @ User-defined Cost Increase/Decrease | XX | Yes | ||||||
Inventory Adjustment | XX | |||||||
Table 1 - 18. (Page 5 of 5) |
Project Referenced Manufacturing Transaction | Transaction Information | Notify Projects | ||||||
---|---|---|---|---|---|---|---|---|
Account and Cost | Debit | Credit | ||||||
Component Issue and Return Transactions | ||||||||
Issue Project Expense Job from Project Expense Locator | No Entries | XX | No | |||||
Issue (other than Expense to Expense) to Project Job from Project Locator, same Project or Task | WIP Inventory @ Current Average Cost (in Project Cost Group) | XX | No | |||||
Cost Group Valuation or Expense | XX | |||||||
Issue (other than Expense to Expense) to Project Job from Project Locator, same Project different Task | WIP Inventory @ Current Average Cost (in Project Cost Group) | XX | Yes | |||||
Cost Group Valuation or Expense | XX | |||||||
Issue (other than Expense to Expense) to Project Job from Common Subinventory | Cost Group Valuation @ Current Average (in Common Cost Group) | XX | Yes | |||||
Organization Valuation | XX | |||||||
WIP Inventory @ Current Average (in Project Cost Group) | XX | |||||||
Cost Group Valuation | XX | |||||||
Resource Charges | ||||||||
Charge Labor Resource to Project Job | WIP Resource @ Actual Employee Rate or User-defined Cost | XX | Yes | |||||
Resource Absorption | XX | |||||||
Charge Non-labor Resource to Job | WIP Resource @ User-defined Cost | XX | Yes | |||||
Resource Absorption | XX | |||||||
Overhead Charges | ||||||||
WIP Overhead Valuation @ User-defined Cost or Rate | XX | Yes | ||||||
Overhead Absorption | XX | |||||||
Outside Processing Charges | ||||||||
WIP Outside Processing @ Purchase Order Cost | XX | Yes | ||||||
Outside Processing Absorption | XX | |||||||
Assembly Scrap Transactions | ||||||||
Scrap | Scrap @ Calculated Scrap value | XX | No | |||||
WIP Accounting Class Valuation | XX | |||||||
Reverse Scrap | WIP Accounting Class Valuation | XX | No | |||||
Scrap @ Calculated Scrap value | XX | |||||||
Assembly Completion Transactions | ||||||||
Complete Assemblies from Project Job into Asset Project Locator | Cost Group Valuation @ User-defined or System Calculated + MOH | XX | Yes (for MOH amount only) | |||||
WIP Accounting Class Valuation | XX | |||||||
Material Overhead Absorption | XX | |||||||
Job Close Transactions | ||||||||
WIP Accounting class variance | XX | No | ||||||
WIP accounting class valuation | XX | |||||||
Table 1 - 19. (Page 3 of 3) |
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