How do I settle production cost at month end?
On Production Order Periodic Settlement enter Till Date, Posting Date and journal, Create, check the lines and Save.
Before you start
- Manufacturing orders confirmed in full (Closed).
- A JV journal and the screen's posting keys (Transaction Journal and Process Post Key).
Steps
- Open Production Order Periodic Settlement, enter Till Date, Posting Date and Transaction Journal, then Create.
- Check the lines: actual material, labour and machine cost against standard cost, and the variance.
- Save. The voucher posts.
Check it worked
- The confirmations settled do not come back on the next settlement.
What posts
| Document | When | Debit | Credit |
|---|---|---|---|
| Production Order Periodic Settlement | Save | Per the posting keys of the screen | Per the posting keys of the screen |
Undoing it is Reverse on the toolbar of the posting document.
If something looks wrong
- "No Production Order Confirmation found" Nothing closed and unsettled up to that date.