See an overview of the posterior coded transactions and events.This is a supplement function included in the Management Accounting.
What Does This Procedure Do?
In this procedure you create coding methods for how different transactions in the system shall be coded. You can create different terms that determine how the transactions, which coincide with the terms, shall be coded. Each coding method is given a coding ID and a name.
The system uses the coding methods to determine how different transactions should be recorded via the Posterior Coding procedure. Coding methods are registered for five types of transactions; invoice, inventory, manufacturing, calculation diff. and price change transactions. See an overview of the posterior coded transactions and events.
During startup you can register coding methods manually or load a standard setup of suggested coding methods. Using the Import Coding Method procedure in the File menu the standard setup is imported. Via File you can also import coding methods from another companies' database.
Register a New Coding Method
The updating window is divided into a heading row and two tabs called Terms and Coding. In the heading row you enter a Coding ID and Name. Under the Terms tab you enter different terms for the coding method. Under the Coding tab you enter account strings, etc.
To achieve that the deliveries are coded against the order number on the clearing account in the Management Accounting, it is required that settings are made in the Update Coding Method procedure. For the coding methods regarding arrival reporting of purchase orders to stock, the setting Order number must be entered under the Coding tab. The corresponding setting must be made for the coding methods regarding delivery reporting of customer orders from stock.
Update Existing Coding Methods
In this procedure you can also update existing coding methods. This can also be made in form of a list in the Coding Method List procedure.
Coding Calculation Difference
You can use the following price alternatives to calculate calculation differences:
When calculation differences are estimated using the price alternatives above, all coding made on the WIP account for the current manufacturing order in debit and credit will be totaled. Any difference between debit and credit is recorded as a calculation difference. In order to record calculation differences the stock, manufacturing and price change transactions for the current order must have been approved via the Print Log Ledger procedure. If any transaction has not been approved for the current manufacturing order and been transferred to the accounting, the manufacturing order is shown in red in the calculation difference ledger.
This calculation method is not based on the calculation register or post-calculation at all. This calculation of differences will eliminate problems with residual values of the WIP account when you have adjusted the standard price on incorporated material and recalculated a finished part for an ongoing manufacturing order.
Please note that this function can be used only when the total calculation difference per order shall be booked. It will not work when you "divide" the calculation differences into material, subcontracting etc.
Window Functions
Read more about the Window functions under Window Functions in the MONITOR Basics.
