EP Cost of Sales Accruals
- Ruth Havis (Unlicensed)
- Sarah Stalley (Unlicensed)
- Scott Winchester (Unlicensed)
- Alan Gilchrist
When an EP Sales Order is created, and an EP Invoice is raised, the same procedure applies as for a normal Stock Sales Order Invoice. However the next time a Stock Movement Posting is made, an accrual is also made as follows:
Posting Type | JD (Journal Debit) | JC (Journal Credit) |
PRODUCT COST |
|
|
EP Sales Order Invoice | Cost of Sales | EP Cost of Sales Accruals |
When the EP Purchase Order is receipted and the Purchase Invoice raised, stock is allowed to be allocated against the EP Sales Orders. When these EP Sales Orders are confirmed delivered, if the product cost is more/less than accrued then a price variance is posted to Finance System to compensate for this.
Posting Type | JD (Journal Debit) | JC (Journal Credit) |
PRODUCT COST (VARIANCE) | ||
EP Sales Order Despatch (Product Cost > Accrual) | Cost of Sales | EP Cost of Sales Accruals |
EP Sales Order Despatch (Product Cost < Accrual) | EP Cost of Sales Accruals | Cost of Sales |
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