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Dynamics 365 Community / Forums / Microsoft Dynamics AX (Archived) / Costing Sheet Accounti...
Microsoft Dynamics AX (Archived)

Costing Sheet Accounting Posting Profile

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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.

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  • Weaveriski Profile Picture
    Weaveriski 23,616 Moderator on at
    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 Profile Picture
    Samanth 517 on at
    RE: Costing Sheet Accounting Posting Profile

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

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    Weaveriski Profile Picture
    Weaveriski 23,616 Moderator on at
    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.

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