Register posting method

In this procedure you can register and change posting method which is used by the Stock accounting Stock accounting is a standard feature in Monitor ERP. It is used to continuously post all stock transactions in the system. This way the stock value in the Stock module matches the recorded value in the Accounting module. Changes in stock which are due to changed standard prices, direct stock reporting, arrivals and deliveries, stock count differences, nonconformities (cases), etc. will automatically be posted and give a better understanding of changes in stock and the company's gross profit margin in the income statement. and Management accounting Management accounting is an option in Monitor ERP. It is used as a complement to the standard function called Stock accounting. The function means that all transactions on manufacturing orders (WIP value) are posted and transferred to the general ledger in the Accounting module in Monitor G5. The hours worked are recorded in the income statement, and provide a financial follow-up, for example, made per department and cost factor. Calculation differences are posted and these can be followed up per product, per order, etc. This function also contains extended management of cost of goods sold.. Posting method refers to rules for how different types of transactions should be posted. For example which account should be used and which value should be posted. The posting methods contains different terms and filters which determine which type of transaction the posting method applies to. The posting methods are then used in the Posting of logs procedure. You create posting methods based on transactions from the following logs:

• Stock transaction log
• Manufacturing order log *
• Price change log
• Calculation difference *
• Invoicing log *

* Logs marked with asterisk (*) are included in the option Management accounting.

Using the button Check posting method it is possible to validate that the posting methods have been registered in a correct way. For example, if there are invalid duplicates or if there is no transaction type.

By using the button Create posting method via guide you can get help from the system to register posting methods. This guide is mainly used in connection with start-up of Stock accounting and Management accounting. In this function you enter which accounts should be used for each respective log. The system then creates automatic posting methods to post all transactions. This way you have a basis to start from and can later complement the posting methods, if needed. You can also use this function several times to, for example, register posting methods per warehouse.

In the Stock accounting and Management accounting under Using MONITOR in the online help function, you can read more about how to register posting methods.