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New Improved Sheet
  • Pages
    • Introduction
    • New Improved Sheet
      • Views - 12 X Income, Expenses, Balances
      • Graphs - Monthly balance
    • Monthly Fin Info 12 months - WIP
    • Product Costing Value Flow Demo
      • icon picker
        Starting Point
      • Trial Balance
      • Production Cost
    • Expense Analysis
      • Monthly Expense Summary
      • General Ledger
      • Tables
        • Chart of Accounts
        • Bank - ABSA
        • Bank - American Express
        • Bank - Wells Fargo
New Improved Sheet
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Starting Point
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Starting Point

(This page has a list of entries that needs to be posted.
Post the entries in this sequence:
OVHD - Overheads posted to the direct production cost centre
Act - Overhead recovery from Cost Centre to the production order based on activity hours
PPV - Purchase price variance on raw material
Mat GI - Raw Material issued to production
Mat GR - FG Material Goods receipted into inventory from production order
PV - Production Variance
Sales - Cost of Goods sold entries arising from sales

Post Grouping:
⁠
Journals
Comments
Account Group
Sub group
Account
Order
Act Qty
Amt1
Button
Post Grouping
Mat GR at end of production, cr Istmt, Dt Inventory
@ Standard Cost Value
4
1xxx Finished Gds
1
51
Post Entries
SECxxx Production Recovery
1
-51
Post Entries
SECxxx Production Recovery - GR @ Std
1
-28
Post Entries
SECxxx Production Recovery - GR @ Std
1
-23
Post Entries
Purchase Price Variance
1
1xxx Purch Price Variance
​
6
Post Entries
Production Variance
3
5xxx Production Variance
​
-17
Post Entries
5xxx Production Variance
1
-17
Post Entries
Production Variance
​
17
Post Entries
Recover Activity rates.
Mat123 1 hr @ $5
MatABC 1 hr @ $6
Same principle applies to OCS, will not be shown
4
SECxxx Activity recovery
​
11
Post Entries
SECxxx Activity recovery
1
5
Post Entries
SECxxx Activity recovery
1
6
Post Entries
SECxxx Activity recovery
​
-11
Post Entries
⁠
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