Example of posting of the reporting flow

Below you find an example of how the posting can be made. In the example you see how the posting is made in different parts of the flow – from material purchase and manufacturing, to delivery and sales.

Below you find two different examples, where Management accountingClosed 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. is used in one example. In the other example, only Stock accountingClosed 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. is used.

Management accounting

The prerequisites in this example:

  • Company currency = SEK
  • Valuation principle = Standard price
  • SO mark-up is used on purchased parts and SC mark-up is used on subcontracting parts.
  • Cost factorClosed You enter cost factors for work centers and they are used to calculate the processing costs in pre-calculations. 1 = Direct salary
  • Cost factor 2 = Machine cost
  • Valuation of work in WIP is made using reported cost.
  • Valuation of subcontract in WIP is made using reported cost. No valuation of arrival is made.
  • Total calculation difference is recorded on manufacturing order
  • COGS is recorded on the entire standard price
  • Pre-calculation on manufactured part T-123
  • Swedish chart of accounts:

Events

The following events are posted in the example below. Please note! This example applies to Management accounting.

These events are posted according to the following:

Example of postings in the Management accounting.

Stock accounting

The prerequisites in this example:

  • Company currency = SEK
  • Valuation principle = Standard price
  • SO mark-up is used on purchased parts
  • Subcontract invoice is recorded on WIP account using reported cost
  • COGS is recorded on the entire goods' standard price
  • WIP value change is recorded manually once a month based on the WIP value list
  • Pre-calculation on part T-123:
  • Swedish chart of accounts:

Events

The following events are posted in the example below. Please note! This example applies to Stock accounting.

These events are posted according to the following:

Example of postings in the Stock accounting.