Microsoft Dynamics AX (Archived)

Costing Sheet Accounting Posting Profile

(0) Share

Report

Posted on by Samanth

517

Hi all,

I need your help in Costing Sheet Posting profile.

For example lets say I have indirect cost of Labour, Depreciation, etc.

I have done the following set up:

Accounts - WIP

Estimated Indirect cost absorption: Labour Cost applied (P&L account)

Est. Indirect absorption offset: Labour WIP

Accounts: Costing

Indirect absorption: Labour Cost Applied

Indirect absorption offset: Finished Goods Inventory

Labour Cost applied account is negative balance. When I book my actual payroll how I can offset this account?

Please help.

Thanks,

Samanth.

*This post is locked for comments

All responses (3)

Answers (0)

Weaveriski 23,616 on at

Like (1)

Report

RE: Costing Sheet Accounting Posting Profile

Could you explain why not? The system posts the costs you post - are you posting actual or an estimate time? Are you logging actual pay rates or group rates? AX will log what you put in, it will post to where you post it, your payroll should offset to your labour posted from production. Differences are accounted for by the actual system consumption to actual pay. It is not my solution, it is how AX works :-) Perhaps you could explain why it is not fulfilling finance?

Your indirects are of many forms (which you have not defined) and when applied (however you have configured your costing sheet) will then apply additional costs into inventory to account for indirects not related directly to the hours entered, but an apportionment of other elements based upon time for which the finance team want to absorb into inventory and expense for later offset when real expenses come in. It is a method of recognising real costs prior to them happening. Of course it also relates to your costing method, which you have also not told us!
Samanth 517 on at

Like (0)

Report

RE: Costing Sheet Accounting Posting Profile

Sorry steve the solution you provided does not match our requirement. It is not fulfilling finance.
Suggested answer

Weaveriski 23,616 on at

Like (0)

Report

RE: Costing Sheet Accounting Posting Profile

So your labour cost applied is an estimation of the cost of labour to produce the goods, whilst your payroll is what you actually paid. There is no issue here, it is an indication that your labour estimation or setup within AX is incorrect. You could periodically transfer the difference to COGS, but it is a moving amount in reality that needs to be monitored but can be explained.