[SYS21] Re: [SYS21] non Balance Sheet items in inventory that are standard costed

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If you do not want these items to post to your GL you can change the item
type or division etc in the Item Master and then set up a rule within AFI
that will ignore these items

The style of costing that is used , Standard FIFO etc, will not stop the
posting to the GL

Regards,

Neville Kingdom
Information Technologies Manager
Metro Products & Co Pty Ltd
61 2 87238846
0411 535 240
http://www.metroproducts.com




tkresky@sunflowermfg.com
Sent by: jbausers-l-admin@midrange.com
30/11/2002 02:39 AM
Please respond to jbausers-l


        To:     jbausers-l@midrange.com
        cc:
        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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