General Ledger Period End
Since you can enter a GL effective date on work order, shop floor control, and repetitive transactions, a strict procedure is not required to account correctly for activity in the general ledger. Some reports, such as Work Order WIP Cost Report (16.3.5), are sensitive to period-end procedures. Use the following outline to write a procedure that fits your needs.
1 All work order, shop floor control, and repetitive transactions should be completed and reviewed before starting the new period, including the following:
• Work Order Component Issues (16.10)
• Work Order Receipts (16.11)
• Work Order Receipt Backflush (16.12)
• Work Order Operation Backflush (16.19)
• Labor Feedback by Work Order (17.1), by Employee (17.2), by Work Center (17.3)
• Operation Complete Transaction (17.5)
• Repetitive Setup Transaction (18.13)
• Repetitive Labor Transaction (18.14)
• Non-Productive Labor Feedback (17.4)
2 The status of all closed work orders should be changed to Closed.
3 All open cumulative work orders in the Repetitive module should be changed to Closed.
4 Run WIP Material Cost Revaluation (16.22) to update allocated, released, and closed work orders.
5 Run Work Order Accounting Close (16.21) and Cumulative Order Accounting Close (18.9).
6 Print Work Order WIP Cost Report (16.3.5) and any other time-sensitive reports required.
7 After reviewing these reports, proceed with the new period.