Division Master Accounting Tab

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Account, Labor Clearing:  When labor is charged to a Work Order, this sub-ledger account is credited and the WIP sub-ledger account debited.

  NOTE This is a required sub-ledger account if Labor will be booked in the given Division.

Account, Material Ohd Clearing:  This is the sub-ledger account that is credited when there is a PO Receipt and Material Overhead Cost is calculated.

Account, Labor Ohd Clearing:  When a Labor Overhead Rate is set on the Division record, this sub-ledger Account is Credited and the WIP sub-ledger account debited for the amount of Labor Overhead calculated for a given Labor charge.

Account, Fringe Ohd Clearing:  When a Fringe Overhead Rate is set on the Division record, this sub-ledger account is Credited and the WIP sub-ledger account debited for the amount of Fringe Overhead calculated for a given Labor charge.

Account, Machine Ohd Clearing:  When a Machine Overhead Rate is set on the Division record, this sub-ledger account is Credited and the WIP sub-ledger account debited for the amount of Machine Overhead calculated for a given Machine booking.

Account, Standards Variance:  This sub-ledger account is used as the offsetting account for cost adjustments made to inventory when inventory is revalued through a Standard Cost change. This is a required field when Cost Method for the Division is Standard Cost.

Account, Div to Div Move Stds Variance:  Under Standard Cost, this is the sub-ledger account (mapped to a GL Account) where differences in Standards between Divisions when doing a Division Transfer are booked.

Account, General Expense:  Used to default the Expense sub-ledger account when placing a purchase order for Indirect Material or Services for the Division.

Ohd Rate, Labor:  Labor overhead is derived as a factor of labor charges, using the labor overhead rate from the pertinent department. This value serves as the default labor overhead rate for new departments as they are added.

Ohd Rate, Fringe:  Fringe overhead is derived as a factor of labor charges, using the fringe overhead rate from the pertinent department. This value serves as the default fringe overhead rate for new departments as they are added.

Ohd Rate, Machine:  Machine hours charged are multiplied by this rate to derive the amount charged as Machine Overhead.

  NOTE If the subledger accounts are changed it a forward looking change.  That is from this change forward the selected subledger account will be assigned to transactions.  Transactions prior to this change are not udated.

SEE ALSO