Use this screen to establish project inventory accounts and organizations to be used as defaults when setting up new inventory projects. Accounts and their assigned account types, as well as organizations and org abbreviations, are established in Costpoint General Ledger. Account and organization information must be valid and active.
Set up this screen when the system is initialized, before setting up inventory projects, and maintain it whenever you need to change default accounts.
RM Asset Contra
Enter, or use 
to select, the default account that is
credited when issuing asset raw materials. This is only used if you select
the Burden Raw Materials at Receipt
option in the Inventory Accounts (Materials
» Inventory » Inventory Controls) screen. This account should not
be part of a burden pool. Generally this account should be an A
(Asset) account.
When you make an entry in the RM Asset Contra Account field, this field displays a Y (Yes) or N (No) to indicate whether a project is required for the account. You cannot edit this field.
Enter, or use
to select, the default organization that is used when issuing asset raw
materials when raw materials are burdened on receipt. This must
be a valid, active organization.
Enter, or use
to select, the default organization abbreviation that is used when issuing
asset raw materials. This must be a valid organization abbreviation.
MO WIP Asset Burdened Materials
Enter, or use
to select, the default account that is used when issuing already burdened
materials to asset manufacturing orders. Posting already burdened costs
in this account prevents the cost from being reburdened by the burden
process. This
account should not be part of a burden pool. Generally this account should
be an A (Asset) account. This
must be a valid and active account.
When you make an entry in the MO WIP Asset Burdened Materials field, this field displays a Y (Yes) or N (No) to indicate whether a project is required for the account. You cannot edit this field.
Enter, or use
to select, the default organization that is used when issuing already
burdened materials to asset manufacturer orders. This must be a
valid, active organization.
Enter, or use
to select, the default organization abbreviation that is used when issuing
already burdened materials to asset manufacturer orders. This must be
a valid organization abbreviation.
MO WIP Asset Relief
Enter, or use
to select, the default account that is credited when WIP asset dollars
are relieved to a finished goods inventory abbreviation. This account
should not be part of a burden pool. Generally this account should be
an A (Asset) account. This
must be a valid and active account.
When you make an entry in the MO WIP Asset Relief Account field, this field displays a Y (Yes) or N (No) to indicate whether a project is required for the account. You cannot edit this field.
Enter, or use
to select, the default organization that is credited when WIP asset amounts
are relieved to a finished goods inventory abbreviation. This must be
a valid, active organization.
Enter, or use
to select, the default organization abbreviation that is credited when
WIP asset amounts are relieved to a finished goods inventory abbreviation.
This must be a valid organization abbreviation.
MO WIP Asset Variance
Enter, or use
to select, the default account that is used as the "over/under"
variance charge account when the WIP variance process is run for asset
manufacturing orders. This
must be a valid and active account.
When you make an entry in the MO WIP Asset Variance Account field, this field displays a Y (Yes) or N (No) to indicate whether a project is required for the account. You cannot edit this field.
Enter, or use
to select, the default organization that is used as the "over/under"
variance charge account when the WIP variance process is run for asset
manufacturing orders. This organization must be a valid, active organization.
Enter, or use
to select, the default organization abbreviation that is used as the "over/under"
variance charge account when the WIP variance process is run for asset
manufacturing orders. This must be a valid organization abbreviation.
RM Expense Contra
Enter, or use
to select, the default account that is used when expensed raw material
is issued to manufacturing orders. This is only used if you select the
Burden Raw Materials at Receipt
option in the Inventory Accounts (Materials
» Inventory » Inventory Controls) screen. This account should not
be part of a burden pool. This must be a valid and active account.
When you make an entry in the RM Expense Contra Account field, this field displays a Y (Yes) or N (No) to indicate whether a project is required for the account. You cannot edit this field.
Enter, or use
to select, the default organization that is credited when expensed raw
material is issued to manufacturing orders. This must be a valid,
active organization.
Enter, or use
to select, the default organization abbreviation that is credited when
expensed raw material is issued to manufacturing orders. This must be
a valid organization abbreviation.
MO WIP Expense Burdened Materials
Enter, or use
to select, the default account that is used when issuing already burdened
materials to expense manufacturing orders. Posting already burdened costs
in this account prevents the cost from being re-burdened by the burden
process. This
account should not be part of a burden pool. Generally,
this account must be an E (Expense)
account. This must be a valid and active account.
When you make an entry in the MO WIP Expense Burdened Materials field, this field displays a Y (Yes) or N (No) to indicate whether a project is required for the account. You cannot edit this field.
Enter, or use
to select, the default organization that is used when issuing already
burdened materials to expense manufacturing orders. This must be
a valid, active organization.
Enter, or use
to select, the default organization abbreviation that is used when issuing
already burdened raw materials to expense manufacturing orders. This must
be a valid organization abbreviation.
MO WIP Expense Relief
Enter, or use
to select, the default account that is credited when WIP costs are relieved
to an expense finished goods inventory abbreviation. This
account is used only if you have defined separate WIP accounts for the
expense finished good inventory abbreviation being relieved to. This account
should not be part of a burden pool. Generally,
this account must be an E (Expense)
account. This must be a valid and active account.
When you make an entry in the MO WIP Expense Relief Account field, this field displays a Y (Yes) or N (No) to indicate whether a project is required for the account. You cannot edit this field.
Enter, or use
to select, the default organization that is credited when WIP costs are
relieved to an expense finished goods inventory abbreviation. This must
be a valid, active organization.
Enter, or use
to select, the default organization abbreviation that is credited when
WIP costs are relieved to an expense finished goods inventory abbreviation.
This must be a valid organization abbreviation.
Burdened Expense Transfer
Enter, or use
to select, the default account that is used to post transfer/issue costs
to expense finished goods inventory abbreviations. This
account is used only if you have not defined
separate WIP accounts for the expense finished good inventory abbreviation
being relieved to. This account should not be part of a burden pool. Generally,
this account must be an E (Expense)
account. This must be a valid and active account.
When you make an entry in the Burdened Expense Transfer Account field, this field displays a Y (Yes) or N (No) to indicate whether a project is required for the account. You cannot edit this field.
Enter, or use
to select, the default organization that is used to post transfer/issue
costs to expense finished goods. This organization must be a valid, active
organization.
Enter, or use to select, the default organization abbreviation
that is used to post transfer/issue costs to expense finished goods. This
must be a valid organization abbreviation.
Changes to this screen update the INVT_SETTINGS table.