Introduction to the Nominal Ledger and Associa - Flipbook - Page 127
Stock Audit Report
11. Summary of Postings
The table on the next page shows the postings for Parts/Labour depending on the
Point of sale activity.
Receive parts/sublet.
This will post the cost price into the stock accounts depending on whether it is
Franchised parts, surcharges, Non-franchised parts, and Non-franchised
surcharges.
They are 9080/9082/9085/9087 respectively.
And 9204 for sublets received.
The same cost will also be posted to Goods in suspense 9575/9576.
Decard (requisition parts).
This will post the cost out of the relative stock account and put it into work in
progress 9090 (parts).
The cost will only post to 9090 if the wip is held and not invoice immediately.
If parts are added to a wip and invoiced immediately without holding the wip,
then the postings will not go to the work in progress account.
Invoice parts/labour
When invoiced, the costs are posted to the relevant sale/cost of sale accounts
for labour and/or parts. There will be work in progress postings also if the wip
had been held after parts requisitioned.
Verify parts/labour
This will post the cost back out of goods in suspense when user correctly
verifies lines on an invoice. (9575/9576).
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