RE: BPCS Accounts Problems

[Joyce Hammond <JHAMMOND@xxxxxxxxxxxxx>]

Part of our day end procedure is to balance the accrued liability
account.  In order to do this you must first do INV920 (Post Inventory
to G/L) then do GLD540 (Subsystem Post) and finally GLD510 (Journal
Entry Posting)  If all your items have a standard cost and your item
class file has the correct GL account for accrued liability you should
not have the problem you say you are experiencing.  The only ways that
the account should differ are (1)if someone in accounts payable is
overriding the accrued liability account to something else when doing
invoice posting (2)if someone is using the accrued liability account
when not associated with a P.O. (3)if someone changed the standard cost
between receiving the item and when the invoice was costed.  

-----Original Message-----
From: Mark Curtis [mailto:mark.curtis@hafele.co.uk]
Sent: Wednesday, June 02, 1999 5:44 AM
To: BPCS-L@midrange.com
Subject: BPCS Accounts Problems


I have a question for all you clever folks out there;

We are a recent convert to BPCS (2 months) and have a couple of question
in
the finance area but can get no sensible answers from our usual contacts
:

Question 1

We run the usual 3 way may on purchase orders using a single accrued
liability account.

If I value the contents of HPO received not costed (pqrec - pcqty) *
pscst
OR (pqrec - pcqty) * standard from CMF I get a very different figure to
the
one shown in the general ledger account.

I guess some PO invoices have been posted as expense invoices direct to
our
'cost of sales' account.

Is it sensible to journal of the discrepancy between the recd. not
costed
and accrued liability or am I missing something ?

Question 2

When posting foreign currency invoices we get a large number (10 % ish)
that
when converted to base currency (GBP) leave debits and credits out by
more
than 1p.  Anything out by a penny is rounded by the system for us.

Does anyone know of any 'tricks of the trade' to help, as currently we
have
to use maintain events and manually correct the journal (not the fastest
job
in the world)

Regards
Mark Curtis
IT Director
Hafele U.K. Limited
Tel : +44 (0)1788 542020
Fax : +44 (0)1788 541860
email : mailto:mark.curtis@hafele.co.uk
Web : http://www.hafele.co.uk


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