GL Updates: Work Completed Purchase
The following discusses the updates to General Ledger when posting and invoicing work completed purchase lines.
Work completed purchase lines are created automatically when you enter and post PO items for an SM work order using SM Purchase Order Entry or PO Purchase Order Entry, or distribute PO items to an SM work order via PO Item Distribution.
Although posting a PO batch generates work completed lines, no GL updates occur. The update to GL occurs when you receive the purchase order in PO Receipts Entry. If the GL Expense Interface option in PO Company Parameters is set to Summary or Detail, the system creates a GL entry for the Cost or Cost WIP account (depending on whether the call type is tracking WIP) specified for the work completed line. In addition, the system creates an offsetting entry to the Accrual account defined in PO Company Parameters.
Job Work Orders
For job-related SM work orders, the system handles posting of purchase orders in the same manner as it does for non-job work orders. A work completed purchase line is created, but no updates to GL will occur. However, the system will update committed costs to Job Cost.
When you receive the purchase order (in PO Receipts Entry), the system updates the Cost or Cost WIP account (depending on whether the call type is tracking WIP) specified for the work completed line, and creates an offsetting entry to the Accrual account defined in PO Company Parameters.
However, unlike the other transaction types (equipment, labor, miscellaneous, and inventory), if you are interfacing to Job Cost (the JC interface box is checked in SM Company Parameters), the additional updates that occur for job-related work orders will only occur at the time you invoice the purchase order in AP Transaction Entry. In this case, the system will create additional entries to the GL account defined for the phase or cost type in JC Departments for the job's department, as well as the Revenue or Revenue WIP account (if tracking WIP) specified for the work completed line.
* If a GL account is defined for the phase (on the work order scope), the system will debit the phase's GL account, regardless of whether a GL account is defined for the cost type specified on the work completed line. The system will only use the cost type's GL account when no GL account is defined for the phase.