BPCS/LX Tip of the Week: Inventory Transaction Post to G/L by Cost Type
This enhancement provides a method to post material, labor and overhead values on inventory postings to the general ledger to meet financial reporting requirements. The solution provides an optional further breakdown of cost by cost bucket using the new G/L Cost Type.
The benefit this program provides is the ability to post detailed material, labor, and overhead values during inventory posting to the general ledger to meet financial reporting requirements. It also helps isolate import and transport cost elements required by some countries. Global companies with intercompany purchasing are able to isolate material costs so that it is eliminated at a consolidated level.
Optimize Your Manufacturing Today!