Any guidance on changing the Deferred COGS account at Inventory Org level, after the fact?
Hello;When we created our most recent Inventory Org ("SCO") a year ago, we set the Org. Parameters -- Other Accounts Tab -- Deferred COGS Account as: 42100.050.420.20.00.0000.0000.
As we transact, this account is credited throughout the month, until delivery/shipment/PO Receiving takes place. At month end, when we run the Collect Revenue Recogonition / Generate COGS Recognition / Create Accounting - Cost Mgmt jobs, large reclassing journal entries are made, to reclass dollars from the "420" Line of Business into other Line of Business codes, based on the actual items' setting, and which items were recorded as delivered throughout the month.
As it turns out, the 420 Line of Business we chose at initial setup a year ago is not the most representative of our typical transactions; our Line of Business 460 would make more sense for the bulk of our transactions. I believe if we changed the Deferred COGS setting to reflect 460, the monthly reclassing entries from Create Accounting - Cost Mgmt would be noticeably reduced.
As we transact, this account is credited throughout the month, until delivery/shipment/PO Receiving takes place. At month end, when we run the Collect Revenue Recogonition / Generate COGS Recognition / Create Accounting - Cost Mgmt jobs, large reclassing journal entries are made, to reclass dollars from the "420" Line of Business into other Line of Business codes, based on the actual items' setting, and which items were recorded as delivered throughout the month.
As it turns out, the 420 Line of Business we chose at initial setup a year ago is not the most representative of our typical transactions; our Line of Business 460 would make more sense for the bulk of our transactions. I believe if we changed the Deferred COGS setting to reflect 460, the monthly reclassing entries from Create Accounting - Cost Mgmt would be noticeably reduced.
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