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First, please excuse my outburst about Geac. There are a lot of fine
people there doing the best they can.
I should have mentioned I'm just a simple accountant. I have some
knowledge of what goes on in the Inventory module, but not a lot. The key
is we want to track the inventory quantity on expense items, so we know
when to reorder things. If memory serves me correctly, making something
non-stock prevents you from tracking inventory.
Regards,
R. Tim Kresky, Controller
Sunflower Manufacturing
a division of AGCO Corporation
ph: (785) 738-2261 x272
fax: (785)-738-2406
email: tim.kresky@sunflowermfg.com
Steve Dodkins
<Steve.Dodkins@ebm-zi To:
"'jbausers-l@midrange.com'" <jbausers-l@midrange.com>
ehl.co.uk> cc:
Sent by: Subject: RE: [SYS21] non
Balance Sheet items in inventory that are
jbausers-l-admin@midr stand ard costed
ange.com
11/29/2002 09:59 AM
Please respond to
jbausers-l
Can't you treat the expensed items as non stock items?
Steve
-----Original Message-----
From: tkresky@sunflowermfg.com [mailto:tkresky@sunflowermfg.com]
Sent: 29 November 2002 15:39
To: jbausers-l@midrange.com
Subject: [SYS21] non Balance Sheet items in inventory that are standard
costed
I've given up trying to get help from Geac. The 'answer' provided by
AnswerLink is to hire their consultants to get the answer. Funny thing,
I've asked many Geac consultants over the last 3 years about this and have
yet to receive an answer from a single one of them. And, all this while
trying to triple our maintenance fee! ................Man, am I
frustrated.
Anyhow... maybe you folks can help me with this. What I posted on
AnswerLink follows:
Here is our situation...
We have 2 types of
inventory: production
and supplies. Only
production inventory is
shown on the Balance
Sheet. Supplies are
expensed as received.
When the system was set
up several years back,
the supplies were setup
as 'standard costed'
items. As such, these
items are being handled
exactly as the
'production' standard
costed items are. That
is, upon receipt, an
accrual is posted to the
G/L and price variance
recognized. Remember I
said these are expensed?
I don't mind the auto
accrue feature but I
very much mind taking
purchase price variance
on expensed items. So...
my hope is that I can
change the supplies to
some other cost type
(FIFO is what I have in
mind) so they'll stop
generating price
variance. Then, the
question becomes how to
do that without causing
heartburn to the system.
Any thoughts are greatly appreciated.
R. Tim Kresky, Controller
Sunflower Manufacturing
a division of AGCO Corporation
ph: (785) 738-2261 x272
fax: (785)-738-2406
email: tim.kresky@sunflowermfg.com
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