Prerequisites Required for General Ledger activity:
| GL Setup |
The account information for the General Ledger must be established in the G/L Account Setup .
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| Accounting Security |
Users MUST have full rights to the "ALL Releases to GL" in Accounting Security to be able to release records. Users MUST have full rights to the "ALL Posting to GL" in Accounting Security to be able to post records. Users with “Accounting Security Supervisor” rights will automatically have access.
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| Other Setups |
Please refer to the additional set ups required as discussed in the Introduction below.
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In order for the ManEx General Ledger module to work correctly, all the modules in Accounting Setup must be setup properly, along with the following list of modules in System Setup :
Inventory Items
For Inventory Items, the Standard Cost must be entered: In Systems with ManEx Accounting installed, the amount entered in the Standard Cost field is used for Cost Accounting functions and is subject to strict change control. If ManEx Accounting is not being used, the field can show actual, target or user defined cost.
Important Note - If accounting is installed: For ALL buy parts, the Standard Cost field MUST have data entered. If this data is missing (or wrong), the Raw Materials Inventory and the Work In Process (WIP) will be incorrect for the accounting records.
Item Master tab – Buy part
·All make parts which are turnkey (not labor only), MUST have data entered in the Standard Cost field. Additionally, the data entered in the Standard Cost field for the make part should equal the sum of the Bill of Materials components. If the sum of the Bill of Materials components does not equal the Standard Cost per the MAKE PART Item Master, a CONFIGURATION VARIANCE will generate. A way to have the system upload these costs automatically is via the Standard Cost Adjustment module.
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