IN-N-A Print Month End Inventory Costing

 

Purpose of Program

Use this program to assist with month end inventory accounting for the General Ledger.

Many companies prefer to switch off automatic posting to the General Ledger and instead to make manual journal entries to inventory accounts after careful review of monthly activity.  GL posting can be switched off in AD-A General Ledger Defaults.

 

The Month End Inventory Costing report shows all inventory transactions at both standard and actual cost grouped as follows:

Adjustments

Stock Issues to WIP

Purchase Receipts to WIP

Purchase Receipts to Stock

Shipments

Work Order Receipts to Stock

Purchase Receipts to QC

Outside Processing Receipts to WIP

PO Price Change

Make From Component Issue

Transfer

Service/Repair Shipment

Scrap

 

From this report it is easy to audit period activity and make the appropriate journal entries to your inventory accounts.

General Program Operation

Enter a from/thru date range.  One by one, answer Y or N to each transaction category.  The default value is set to Y for all categories.

At the final prompt you will be asked if you want a summary report.  If you answer no, the report will contain a detail line for each inventory transaction within the transaction categories specified.  If you answer yes, the report summarizes transactions by transaction type and item class.