Journal Vouchers

The following table represents the journal vouchers created automatically from the system
according to certain action.

Module Action Debit Credit

MPC Close WOs/Material Issues 132000 WIP 592000 RM Offset
Close WOs/Labors 132000 WIP 593000 Labor Cost
Close WOs/VOH 132000 WIP 594000 Variable Overheads Applied
Close WOs/FOH 132000 WIP Fixed Overheads Applied
Close WOs/FG Receipts Costs of Goods Produced 132000 WIP
(597000)
Close WOs/Variance 132000 WIP Variance Account
OR Stock Withdrawal Accrued Issued Sales FG Warehouse
Close SOs A/R Accrued Issued Sales
COS-Local Sales Sales-Local Sales
Collected Sales Tax
SL Direct Invoice A/R XXXXXX
Collected Sales Tax
Payment Cash/Checks A/R
PC Delivery Note RM Warehouse Accrued Received Purchases
PL PO Invoices Accrued Received Purchases A/P
PO Add. Cost/Stock RM Warehouse Accrued Additional Cost
PO Add. Cost Invoices Accrued Additional Cost A/P
Prepaid Tax (Local Purchases)
Suppliers’ Payments A/P Cash/Check
Pre-payment A/P Cash/Check
SC Stock Receive Warehouse Cost of Goods Produced Offset (598000)
Stock Issues/FG Items FG Used In Production FG Warehouse
Stock Issues/RM Items RM Used In Production RM Warehouse
Stock Taking Warehouse/Stock Adjustment Stock Adjustment/Warehouse
AM Depreciation/Monthly 711XXX 182XXX (Plan Accumulated Depreciation)
Sell Assets Fixed Assets Accrued Account 181XXX (Plan Asset)
Capital Gain & Loss Capital Gain & Loss

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Journal Vouchers

Revaluation Currency JVs:-

1- If the foreign currency is equal to the local currency 1:1

a. When create the invoice the JV will be as follows:-
Dr. A/R 100
Cr. Cash 100
2- Change the currency rate to be 1:2
a. Insert payment with 10 $, the system will generate the following JV:-
Dr. Cash 20
Cr. A/R 10
Cr. G&L 10
b. Run the revaluation routine, the system will generate the following JV:-
Dr. A/R 90
Cr. G&L 90
3- Change the currency rate to be 1:3
a. Insert payment with 10 $, the system will generate the following JV:-
Dr. Cash 30
Dr. G&L 90
Cr. G&L 20
Cr. A/R 100
b. Run the revaluation routine, the system will generate the following JV:-
Dr. A/R 160
Cr. G&L 160
c. Insert payment with 10 $, the system will generate the following JV:-
Cr. Cash 30
Dr. G&L 160
Cr. A/R 170
Cr. G&L 20
d. Insert payment with 70 $, the system will generate the following JV:-
Dr. Cash 210
Cr. G&L 140
Cr. A/R 70

Costing:-

Costing Elements:-

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Journal Vouchers

Materials Overheads Labor

Direct Indirect

FOH VOH FOH VOH

Routing

Machine A  Machine B  Machine C

Cost /HR
FOH
VOH
Labor

RM Issue (Actual Cost FIFO)

Dr. WIP Dr. RM Used In Prod (591XXX)

Cr. RM Offset (592XXX) Cr. RM Warehouse

Operations (Actual Hours Standard Rates)

Dr. WIP
Cr. FOH
Cr. VOH
Cr. Labor

FG Receipt (Standard Cost)

Dr. FG Warehouse Dr. FG Offset (597XXX)

Cr. FG Receipt (598XXX) Cr. WIP

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