Dear all, I have a customer I’m setting up, and for some reason, the way I set up their system, I’m getting too many Direct Cost transactions posting to the G/L.
You can see in the attachment that I’m getting 2 Direct Cost (in-and-out) that don’t need to be there:
I have Direct Cost posting turned on, but in Cronus it’s there too, and I don’t get the extra lines.
It’s forcing me to add an Inventory Adjustment Account (50300), but I’m not sure why it’s posting t to that account when I simply post a purchase invoice and a payment against it.
Anyone have any idea what I’ve done wrong?
Without seeing how the posting code are set up, it will be difficult to diagnose. But, a couple of questions:
- What accounts do you have set up for the Purchase Account and Direct Cost Applied in the General Posting Setup?
- What is the costing method for the item in question? If Standard, what is the standard cost?
Generally, if you’re just posting item receipts from a purchase invoice (no “receipt” being posted first), BC posts the following for item purchases:
- Debit to Inventory
- Debit to Purchases
- Credit to Direct Cost Applied
- Credit to Accounts Payable
The Purchase and Direct Cost Applied entries may be the extra that you are seeing.
Reach out if you want to talk directly.
Hey Dave,
I got sick on Sunday, and finally got over it on Wednesday when the ice storm hit.
We’re still without power, but I was able to borrow a generator to keep up going.
Is there a good time next week to talk? I’m pretty much wide open on Monday, and Tuesday after 9am.
I’m on Central time.
Thanks,
V
