Overview

Within the period-end closing, all production-related transactions must be posted in the period when they took place.

The process focuses on completion, facilitating posting, and identifying the correct accounting period for all unfinished production documents.

It is necessary to restrict the posting of further transactions at a specified date.

As a result of the process, the production documents will be posted in the correct accounting period.

Conduct period-end closing in production flowchart

Paths

How to check goods issue from/to production

From production

1. Go to Manufacturing and then click Transfer of materials from/to production under Shop-floor manufacturing accounting.

2. Click the Set up hyperlink, click By business transactions, and select the following check boxes:

• Return materials from production
• Return materials from storeroom
• Transfer products from production
• Transfer products from storeroom

3. Look at the Date column and find references that are related to the accounting period and not fulfilled yet.

To production

1. Go to Manufacturing and then click Transfer of materials from/to production under Shop-floor manufacturing accounting.

2. Click the Set up hyperlink, click By business transactions, and select the following check boxes:

• Transfer materials to production
• Transfer materials to storeroom

3. Look at the Date column and find references that are related to the accounting period and not fulfilled yet.

4. Drill down to the reference document and find a user who is in charge of the transaction. Create a Duty, describe the required action, and assign it to the responsible user.

Paths

How to perform physical count of resource balance in production

1. Go to Manufacturing and then click Material and labor allocation under Shop-floor manufacturing accounting.

2. Set a period.

3. Print the Physical inventory count report print form.

4. Carry out the physical count of materials and proofs of work performed.

5. Record the information in the Physical inventory count report form. 

6. Go to the Material and labor allocation workplace.

7. Specify a period (month).

8. Find the Existence column and enter information from the Physical inventory count report form manually.

Paths

How to check material consumption

1. Go to Manufacturing, click Manufacturing reports, and open the Movement of materials and works at company level report under Shop-floor manufacturing accounting.

2. Set a period and select a company.

3. Click Settings and select the required production order in the Production lot filter.

4. Generate the report and check the figures in the Consumed by production lots column.

5. Go to Manufacturing and then click Stage dispatching under Production scheduling and controlling.

6. In the Status filter, select Completed.

7. Enable a custom filter (More actions → Configure list) for End date and set the Not earlier than the beginning of the reporting period condition to show the list of Production stages completed during the accounting period.

8. Select a line and click → Control of product and material flow.

9. Generate the report and check the figures in the Consumed column in the Materials table.

10. Go to the Stage dispatching workplace.

11. In the Status filter, select Started.

12. Select a line and click → Control of product and material flow.

How to set up allocation for WIP cost balance

1. Go to the Material and labor allocation workplace.

2. Set a period.

3. In the State filter, select Allocation is required.

4. In the Allocate column, check the quantity to backflush.

5. Select a line and click Allocate.

The system will automatically:

• Create a new Backflush of materials and works document.
• Fill some fields with data.

6. In the Backflush of materials and works document, go to the Custom rule tab.

7. Specify the quantity for this allocation type.

8. Select an Allocation rule, fill the Product cost element, and specify other required information.

9. Go to the By production lots tab, click Add, and select production lots.

10. Specify the quantity for this allocation type, fill the Product cost element column, and specify other required information.

11. Go to the To expenses tab, click Add, and select an Expense item.

12. Specify the quantity for this allocation type and other required information.

13. Check that the whole quantity is allocated and post the document.

Paths

How to check actual production registration

1. Go to Manufacturing and then click Register backflush production under Shop-floor manufacturing accounting.

2. Set a period and select a company.

3. On the Manufactured products tab, check if there is any reference for registration.

4. Go to the Works tab and check if there is any reference for registration.

How to restrict further posting for production in the accounting period

1. Go to Master data and settings and click Users and rights settings under Settings.

2. Click the Period-end closing dates section.

3. Select the Period-end closing dates check box.

4. Click Configure.

5. Click For specified users.

6. Click Pick and select user groups or users from the form.

7. For each selected user:

• Set a period-end closing date.
• In the Other methods to specify period-end closing dates section, select the Date by sections option.

• Select a section in the list.
• Specify a date for each section so that no accounting-specific transactions can be posted for the closed period.

8. Repeat it for each selected user.