Job Costing discrepancy
Options
Mandy_9965513
Member Posts: 11 ✭
Help please for a novice. When I am running a"transaction detail by account" report it is showing all items invoiced to the customer, however it is also showing a debit for one of the items which doesn't make any sens to me.
The job is entered as an estimate, then a purchase order. When products arrive they are entered as a bill against the purchase order which is done numerous times a month however on this job it is showing this discrepancy. I hope I am explaining myself ok as I don't really understand what is going on. Hopefully someone can shed some light for me please.
The job is entered as an estimate, then a purchase order. When products arrive they are entered as a bill against the purchase order which is done numerous times a month however on this job it is showing this discrepancy. I hope I am explaining myself ok as I don't really understand what is going on. Hopefully someone can shed some light for me please.
0
Comments
-
Drill down into that invoice (18595) and perhaps when you open the invoice and look at it properly you will see what is going on.0
-
Thanks Michelle, that is what I thought too, however it is not shedding any light on the problem, looks the same as all of my other invoices0
-
But there must be a description next to the line with the "debit"? Was it perhaps a discount given? Or an error when the invoice was prepared which created the "debit"? Do you have a quote of something to refer back to from your sales team/the installer of the job?0
-
You would think so. I am attaching the estimate, purchase order, invoice and bill, maybe you can see something that I can't? I haven't experienced this before so I am at a loss.
0 -
They aren't coming through clear enough for me to read when I enlarge. You can send as attachments to my email if you like finance@rcsaustralia.com.au0
-
Will do , thanks for your help0
-
email has been sent from baysunrise2014@gmail.com just in case it goes to trash.0
-
When you are in the invoice, click on Journal. To see where Reckon is posting the components of the invoice to.
It appears it could be something to do with the Profit Item, as all other figures equal what is on the invoice.
Adrian0 -
Hi Mandy
I think Dorian Crete is set up as an Inventory Item, and in the Item setup the COGS/Purchase Account has been set up as "Sales" rather than "COGS". When you sell the carpet, the Debit that should be going to the COGS Account of $644 is incorrectly going to Sales.
If you correct the COGS account in the item setup, upon saving it will ask you if you wish to update existing transactions. Say Yes, and the transaction should repost to the correct account.
Graham 0409317366
graham@reckonhelp.com.au
Graham Boast | 0409 317366 | graham@reckonhelp.com.au
0 -
Hi Mandy
I would check out how your items are set up, if they are set up properly for buy and sell all in the one item, and if a sale is going to an expense acct. Also the Profit is not on your transaction report $672.40, unless you have this going to something other than sales.0 -
Sorry Graham, we were typing at the same time, your post wasn't up when I opened the reply.0
-
Thanks everyone, will check it out when I am back in the office tomorrow.0
-
Thanks guys, problem solved, you were spot on Graham & Kwikbooks. Silly typo that I didn't notice. Thanks for all of the help.0
Categories
- All Categories
- 6.4K Accounts Hosted
- 10 📢 Reckon Accounts Hosted - Announcements
- 5.9K Reckon Accounts (Desktop)
- 3 📢 Reckon Accounts Desktop - Announcements
- 1.3K Reckon Payroll 🚀
- 21 📢 Reckon Payroll - Announcements
- 21 Reckon Payroll Help Videos 🎥
- 21 Reckon Mate App
- 3K Reckon One
- 7 📢 Reckon One - Announcements
- 10 Reckon Invoices App
- 14 Reckon Insights
- 107 Reckon API
- 822 Payroll Premier
- 307 Point of Sale
- 1.9K Personal Plus and Home & Business
- 63 About Reckon Community