I second Rich's advantages to using the interfaces. You can post in summary
(in AM financials), but keep the details from the TXN files when creating
the ledger transactions (they disappear if you don't have a method to save
them off).
Best regards,
Vanessa
Vanessa King
Wildrye Corp.
-----Original Message-----
From: mapics-l-bounces@xxxxxxxxxxxx [mailto:mapics-l-bounces@xxxxxxxxxxxx]
On Behalf Of Richard McCracken
Sent: Monday, March 30, 2009 3:59 PM
To: 'MAPICS ERP System Discussion'
Subject: Re: [MAPICS-L] Interfacing Inventory Account with the G/L
Since I have not seen other discussions on this topic, I will give my
(somewhat biased) accounting opinion, whether you use GL or IFM, and give a
suggested solution if you will be using GL.
Advantages to using the GL Interface:
1. The GLI rules and priorities allow you to automatically get the GL
distribution for transactions, such as any sales or cost of sales
determination by available fields for product lines, warehouses, item class,
customer class or order class.
2. Having the GL transactions automatically post allows Accounting to
move some of the month end work back into the month.
3. Posting transactions daily allows daily checking that control
accounts such as Accounts Receivable, Raw Materials, Work In Process, and
Finished Goods are always in balance with the supporting detail such as item
balance values, work order totals, and outstanding AR. This also eliminates
month end tasks.
4. Having the GLI post automatically allows Accounting to have a more
independent control of their tasks without as much dependence on IT for
reports over history files.
Now, if you will be using GL, I suggest inserting a task or process that
will copy the transactions that will be posting from GL work files INVTXN,
PCCTXN, and OIETXN to a history file before the GL entries are created so
there will be history available.
Rich McCracken
-----Original Message-----
From: mapics-l-bounces@xxxxxxxxxxxx [mailto:mapics-l-bounces@xxxxxxxxxxxx]
On Behalf Of Sansi, Jim
Sent: Monday, March 30, 2009 11:56 AM
To: MAPICS ERP System Discussion
Subject: Re: [MAPICS-L] Interfacing Inventory Account with the G/L
Like Rich said... IFM mirrors a lot of the information behind each IM
transaction in file UAQNCPP so you can drill down to the transaction
detail from within IFM's GL inquiry.
-J
-----Original Message-----
From: mapics-l-bounces@xxxxxxxxxxxx
[mailto:mapics-l-bounces@xxxxxxxxxxxx] On Behalf Of Richard McCracken
Sent: Monday, March 30, 2009 9:50 AM
To: 'MAPICS ERP System Discussion'
Subject: Re: [MAPICS-L] Interfacing Inventory Account with the G/L
Which Accounting system are you planning on using, IFM or GL, because
IFM keeps the detail behind the Interfacing entries?
Rich McCracken
-----Original Message-----
From: mapics-l-bounces@xxxxxxxxxxxx
[mailto:mapics-l-bounces@xxxxxxxxxxxx] On Behalf Of Al Gershen
Sent: Monday, March 30, 2009 11:42 AM
To: Mapics Mailing List
Cc: Al Gershen
Subject: [MAPICS-L] Interfacing Inventory Account with the G/L
(Resubmitted with a "Subject" added. Opps!)
Hi group:
Our company is upgrading from Mapics DB/Y2K (Mod 4) to Infor XA (Rel 7).
With Mapics DB, we have not used G/L Interfacing for the Inventory
Accounts (thru the IM, PC&C and OE&I).
The representatives of the company assisting with our upgrading,
Barry-Wehmiller International Resources, have suggested to us that we
interface our G/L with the above modules (COM replaces OE&I).
Our shop has around 20,000 IM Inventory transactions every month.
We apparently can interface in one of two ways:
1. In detail with each entry posting to the G/L; or
2. In summary, where all the entries post at a "net" amount to the G/L;
and their detail is lost.
I am again interfacing for the following reasons:
1. Infor XA does not use a subsidiary ledger to collect the detail of
interfacing entries;
2. The G/L would be very large and probably unprintable or usable
because of the number of entries posted therein due to the interfacing.
If Infor XA had a subsidiary ledger, I probably would support
interfacing with the G/L because the detail journal entries would not be
posted directly in the G/L.
But, I'm open minded and I'd like your suggestions, both pro and con,
about interfacing the inventory accounts with the G/L.
I look forward to your comments on this matter.
Have a good week.
Regards,
Al Gershen
Cost Accountant Lead
ECS Composites
Grants Pass, OR
aldg3@xxxxxxxxx
al.gershen@xxxxxxxxxxxx
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attachment, is confidential and may contain privileged information. Any
unauthorized review, use, printing, retaining, copying, disclosure or
distribution is strictly prohibited. If you have received this message in
error, please immediately advise the sender by reply email message to the
sender and delete all copies of this message.
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Electronic Transactions Act or any other law of similar import, absent an
express statement to the contrary contained in this e-mail, neither this
e-mail nor any attachments are an offer or acceptance to enter into a
contract, and are not intended to bind the sender, LeTourneau Technologies,
Inc., or any of its subsidiaries, affiliates, or any other person or entity.
WARNING: Although the company has taken reasonable precautions to ensure no
viruses are present in this email, the company cannot accept responsibility
for any loss or damage arising from the use of this email or attachments.
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