Dear Experts,
In General Posting Setup, I setup the same Account No. for these Account:
1. Purchase Account.
2. Purchase Credit Memo Account
3. Direct Cost Applied Account.
The Direct Posting is set to False in the Account Card.
The Automatic Post Cost to GL is False.
For the initial weeks of go-live, the Account balance zero. Unfortunately, afterward, it did not balance zero, although I have run the Adjust Cost-Item Entries and Post Cost to GL batch job.
Does anyone has any experience on this or have any insight that don't mind to share with?
Thank you.
Comments
In the first place when u had posted the entries, Purchase acc will always show amount because after posting, Purch and Payble Acc will get updated. Purch acc will become 0 only when Post Inventory cost to GL batch is run since you have given same acc for Purch and Direct cost applied.
Are there any charges posted?, Are different accounts mapped to Purch and Direct cost in the gen posting setup for the Charges?
Regards,
Rajat.
Thank you for replying. Of course there are many Item Charges posted, anyway all of the Item Charges No. have Gen. Posting Setup the same account for the Purchase Account and the Direct Cost Applied Account.
Andwian
2. Did you merge in the purchase Resource functionality?
3. Did you run adjust cost?
AP Commerce, Inc. = where I work
Getting Started with Dynamics NAV 2013 Application Development = my book
Implementing Microsoft Dynamics NAV - 3rd Edition = my 2nd book
Thank you Alex.
Andwian
Have you looked through the G/L account and see if there were other transactions that shouldn't be there?
AP Commerce, Inc. = where I work
Getting Started with Dynamics NAV 2013 Application Development = my book
Implementing Microsoft Dynamics NAV - 3rd Edition = my 2nd book
http://ssdynamics.co.in
Thank you all for your suggestions.
Andwian
possible reason for this is that purchase credit amount is different than "actual cost" of items on hand when posting credit memo.(it is valid for average or FIFO method).
for example: you have two items on hand and their total cost is 10. if you return items to vendor with amount of 6, than balance of that account will be -1.
if you buy items in different currency and return items at different date than purchase date, exchange rate differences may also cause this imbalance.
also, posting item charges to SALES SHIPMENTS may cause this due to wrong account setup.
follow ssingla's method.it is best method for finding difference .
Thank you for commenting.
How can? Would you explain it to me in more detail?
I am using Average Costing Metod. I am only using LCY, no FCY. I am having Item Charges posted to Sales Shipment, but I have double-check the Setup, and it was right. I am still processing further.
Andwian
You may have missed that account when you're summing up the purchase accounts.
AP Commerce, Inc. = where I work
Getting Started with Dynamics NAV 2013 Application Development = my book
Implementing Microsoft Dynamics NAV - 3rd Edition = my 2nd book
Hi,
regarding average costing,let's say you have two items on hand with total of 10 lcy. at the time of purchase return, average cost of the item is 5. if you issue purchase credit and write 6 lcy into "Direct Unit Cost" field in credit memo, following figures are created:
purchase account -> -6
direct cost applied account -> +5
inventory -> -5
for this transaction:
the balance of accounts is -6.
cost amount (actual) at inventory side is -5. is this clear now?
http://mibuso.com/blogs/alexchow/2009/03/17/how-to-calculate-cogs-on-account-schedules-the-cpa-way/
AP Commerce, Inc. = where I work
Getting Started with Dynamics NAV 2013 Application Development = my book
Implementing Microsoft Dynamics NAV - 3rd Edition = my 2nd book
Thank you for the link.
Andwian