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Dear all, I have a customer I’m setting up, and for some reason, the way I set up their system, I’m getting too many Direct Cost transactions posting to the G/L.
You can see in the attachment that I’m getting 2 Direct Cost (in-and-out) that don’t need to be there:
I have Direct Cost posting turned on, but in Cronus it’s there too, and I don’t get the extra lines.
It’s forcing me to add an Inventory Adjustment Account (50300), but I’m not sure why it’s posting t to that account when I simply post a purchase invoice and a payment against it.
Anyone have any idea what I’ve done wrong?
Thanks for helping me with this... learning that Cronus General Ledger Setup is improperly set up was mind-blowing. Thanks MS! Also the refresher on data migration!
Hi Kim, thanks for responding. I've been sick, so slow to respond.
The payment is an "intercompany" transaction.
The duplicate Direct Cost 2 entries are the concerning bit.
It's hard to assist not knowing what this transaction is from start to finish. It looks like a purchase with an automatic payment but there's a reference to a Sales invoice in the External Document No. Also, it's hard to know your general ledger accounts.
A purchase will debit the Purchases GL Account from General Posting Setup 50110 and credit accounts payable 20100 from the Vendor Posting Group, I highlighted in yellow. Additionally, inventory will be debited 12000 and direct cost applied will be credited--this shoiuld be a contra account to purchases but it looks like you have it set to 12000; these are highlighted in blue. I definitely think you have the wrong account setup for Direct Cost Applied; you should not use inventory adjustment.
Payment entries are highlighted pink.
The entries in green are a concern.
Screenshot of your general posting setup and inventory posting setup would be helpful. Do you have expected cost turned on?
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