Dynamics Community Forum Thread Details

Direct Cost Applied Account NOT Zeroing out.

We imported 2 years of data, and unfortunately when it all posted we had some crazy numbers.

Our Direct Cost Applied account went up every month totaling negative 11 million dollars.

Our Inventory Account also increased to "about" 11 million dollars more than average.

Our General Posting Setup was setup as follows
(Across all Gen Prod Posting Groups)

Purchase Account: was 13000 Inventory (Asset: Balance Sheet)
Direct Cost Applied Account: is 50500 Direct Cost Applied (COGS: Income Statement)

Obviously we are not configured correctly. :)

2 Questions.

1. Can I simply change our Purchase Account to 50500 Direct Cost Applied (COGS Account on Income Statement) to fix future transactions.

(in a sense the error we made was we accidentally set it to double post to Inventory by using the inventory account as a Purchase account when its going to post to that account as part of the Inventory posting setup, and left out accounting for removing from Direct Cost Applied)

2. Can I simply Credit Inventory, and Debit Direct Cost Applied to correct the posting errors for prior months?

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