Cost Accounting processes require that information source managements be closed for postings once these processes are official:
- Production: SPE Generation seeks Production movements, Closes the period for OP movement.
- Accounting: Distribution of Historical Values searches for accounting apportionment entries.
- Inventories: Real Consumption of Materials searches components of Inventory downloaded for production.
- Adjusted Cost Generation: seeks inventory and sales position in the period.
Alternative Cost Generation seeks the position of Inventories and Sales in the period, as well as the highest price practiced in Sales and Purchases when the valuation type is on MP. Here you can take the help of https://findahomeincharlottesvilleva.com/ .
Consistencies will be made when cost accounting is using the official tables, parameterized in Cost Accounting or Parameter Tables, because while simulations, it is not possible to block the movements in the various ERP managements.
And Sales Management, in turn, before reopening an already closed period, will check whether there is any official information already processed for the period in Cost Accounting. If it exists, it will not be opened unless Cost Management is given the endorsement to do so.
Thus, if sales posting information is already officially used in Cost Accounting, you will only be able to reopen the sales period if Cost Accounting gives up this information while being aware that it should reprocess the period information, after Sales close the period again.
Cost Accounting and Purchasing
In order to ensure the integrity of the information generated by Cost Accounting and its traceability, Cost Accounting when carrying out its official Raw Material inventory valuation processing, process in which products in process are valued at their acquisition cost, which originates from Purchase Invoices or Purchase Orders will check if the postings you want to fetch are in a closed period of Purchasing management. If they are not, you will not continue the process unless the Purchasing period is closed. It is understood that once a closed period there can be no further posting of Purchase Invoice Items in this period.
And Purchasing management, in turn, before reopening an already closed period, will check whether there is any official information already processed for the period in Cost Accounting. If it exists, it will not be opened unless Cost Management is given the endorsement to do so.
Therefore, if the information from purchase postings is already officially used in Cost Accounting, you will only be able to reopen the sales period if Cost Accounting gives up this information while being aware that it should reprocess the period information, After Shopping again the period.
Relationship between the stock lock and Cost Closing
You must first close inventory and then close the cost. That is, you cannot close costs on a day if there is no inventory closing on this day. You cannot open a stock close if you have cost closure for the same day. Open cost close first, then open stock close.
Both Inventory and Cost closure can be done by product or warehouse, but both follow the same closure type, as considered in the introduction of Inventory Close item for use of both types of closure. At inventory close, informing a warehouse closes or opens all products presented for that warehouse. In closing cost the user can choose, that is, can be done slowly.