Processing Inventory Management
Release batches
Release batches by type:
Input raw materials
Output raw materials
Goods returned
Input finished products
Sales
Returned sales
Post to General Ledger (first time)
Go into Post to general ledger to transfer expenses 621, 622, 627 into general ledger
Choose from date… to date… Then click post.
Calculate Cost
includes below steps
Step 1: Select the accounting period for costing calculation.
Step 2: Go into calculate costing section, enter quotas for manufacturing of each type of finished products. A finished product comprises of many kinds of raw materials with pre-determined quotas so that each finished product and each raw material shall be entered in 1 line (This quota shall include natural deficiency amount if any). Once completing this step, click save button. Accountant shall choose the latest quotas table for the next time costing calculation. If there are any chage, accountants should correct it.
Calculate Cost of Goods Sold (COGS)
Choose from date… to date… Choose download. Select calculator and then save.
Post to General Ledger (second time)
into Post to general ledger to transfer 155, 632 into general ledger.
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