Cost Management - EBS (MOSC)

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Missing COGS

edited Jun 29, 2014 5:00AM in Cost Management - EBS (MOSC) 2 commentsAnswered

There are several imported transactions that should have GL date of June 1st but are showing as May 30 (the transaction date).

This is because AR period of May was re-opened when the accounting was created for these imported orders - AR was open for both May and June so the receivable account was

01-JUN-2014 and revenue account was 30-MAY-2014.

System also generated two unearned revenue accounts on both 30-MAY-2014 and 01-JUN-2014 to balance the AR distribution.

Finance made a manual correction in May and reversed it in June so the reporting is correct.

However all these orders are showing as Deferred COGS with no COGS accounting.  Inventory was closed for May and only open for June.

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