clmates
Reputable Poster
Hi.
we are going to setup Manufacturing accounting, but we have'n any experience with the account setup. We are a Spanish based company, so we need a Spanish account setup.
We are at standard costing 07
We plan to only control 3 Material GL classes:
MPRI for prime materials
SEMI for Semielaborate
PROT for Finished goods
We are not accounting inventory transactions, but we plan to begin with Manufacturing and Inventory at the same time.
We actually get purchasing receipts to account to expenses and not to Stocks (6000 and 6010). We plan to make the stocks and variations with a distribution to the same 3 levels MPRI, SEMI and PROT, and complete the setup with the sales stock setup to use the same accounts.
But:
How to handle the material transformations?
from what accounts withdraw personal and Machinery?
to what account drive cost variances?
how to handle intercompany Branch a to B sales?
is the same company, so we don't want to make the invoice step, we plan to close sales with delivery note then sales update and to close purchases at receipt status (no invoice match).
to handle prime materials as revenue in one branch and expense in the other is not a problem, but how to transfer semielaborated or finished goods?, there are no expense accounts in the spanish plan to get thsi kind of expenses (nobody buy finished goods, the are called "Mercaderias" I don't know the english term). should we go through expenses and revenues accounts or directly through inventory accounts?
Can someone give me any clues, (perhaps a document, or a sample setup).
Sorry for the long post.
Many Thanks
we are going to setup Manufacturing accounting, but we have'n any experience with the account setup. We are a Spanish based company, so we need a Spanish account setup.
We are at standard costing 07
We plan to only control 3 Material GL classes:
MPRI for prime materials
SEMI for Semielaborate
PROT for Finished goods
We are not accounting inventory transactions, but we plan to begin with Manufacturing and Inventory at the same time.
We actually get purchasing receipts to account to expenses and not to Stocks (6000 and 6010). We plan to make the stocks and variations with a distribution to the same 3 levels MPRI, SEMI and PROT, and complete the setup with the sales stock setup to use the same accounts.
But:
How to handle the material transformations?
from what accounts withdraw personal and Machinery?
to what account drive cost variances?
how to handle intercompany Branch a to B sales?
is the same company, so we don't want to make the invoice step, we plan to close sales with delivery note then sales update and to close purchases at receipt status (no invoice match).
to handle prime materials as revenue in one branch and expense in the other is not a problem, but how to transfer semielaborated or finished goods?, there are no expense accounts in the spanish plan to get thsi kind of expenses (nobody buy finished goods, the are called "Mercaderias" I don't know the english term). should we go through expenses and revenues accounts or directly through inventory accounts?
Can someone give me any clues, (perhaps a document, or a sample setup).
Sorry for the long post.
Many Thanks
