The GL module provides standard functionality to easily upload budgets via the Z-table. Unfortunately the Job Cost module can’t use that Z-table. And there is no equivalent process to quickly upload budgets from Excel. Is a user then stuck with manually entering budgets on the grid, or is there a way to upload budgets from Excel? Read more…
Sometimes you may come across a situation where the only way to fix an issue is via a single-sided Journal Entry. Maybe a Company or a batch is out of balance, or a system glitch has posted only part of the transaction. Whatever the reason, this blog entry will show you how to enter a single-sided Journal Entry, and then post an unbalanced batch. Read more…
Survival of the International Accounting Standards Board as originally conceived has been put in question by the uncertainty over the adoption of global accounting standards in the U.S., said Tommaso Padoa-Schioppa, newly appointed chairman of the IASB trustee group. Read more…
The Cash Basis accounting method is straightforward, and more intuitive to a non-accountant than the Accrual Basis method. In Cash Basis, income is recognized when cash is received, and expense is recognized when a debt is paid. While Cash Basis accounting is rarely used in industries like manufacturing or distribution, it’s common in real estate, government and non-profit industries among others. Read more…
Lease accounting for property and equipment will soon get a lot more complicated, according to this CFO.com article (found here). The new FASB recommendations are to be released some time in June. Read more…
From the Journal of Accountancy:
IFRS For SMEs-U.S. GAAP Comparison Tool Available Online While the SEC moves toward a 2011 vote on whether to require U.S. public companies to report using IFRS, a more compact version of the international standards is already an option, subject to state board approval, for U.S. private companies. Now there’s a free online tool to help preparers understand how that streamlined standard compares to U.S. GAAP. Read more…
Companies often have the need to enter large quantities of Vouchers/AP Invoices at a time. They may need to use it once for a one-time import, such as Open AP migration, or an ongoing process, like weekly imports of vouchers. Read more…
Setting up Recurring Vouchers in Accounts Payable can be a great time-saver. They are perfect for situations when vouchers need to be entered at specific intervals and the amounts and G/L Distributions are always the same. Examples might be:
The process is similar to entering a Standard Voucher, with just a couple of extra fields to enter, and 1 report to run.
To view the rest of this article, the system might ask you to sign-in or register. It’s free and you will get access to all articles in this blog. Read more…
A common scenario encountered at clients using multiple Companies is the desire to enter multi-line PO’s with each line referencing an expense account in a different Company. During vouchering, all the lines must hit a single AP Trade account. All the lines also need to go to the same default Bank account. Standard JDE setups typically spread the lines into different AP Trade and Bank accounts. Is there a way to force all the lines to go to the same AP Trade and Bank account? The answer is yes! To view the rest of this article, the system might ask you to sign-in or register. It’s free and you will get access to all articles on this blog. Read more…
The existing Financial Reports that come standard with JDEdwards are not pretty, I must admit. They tend to get very long due to 0-balance accounts printing. Sometimes it’s hard to figure out which accounts are listed, because only the Account Description prints, not the Account Number. And how do you get them to print the balances for specific Business Units, vs. rolling them up to the Company level, or maybe even using a category Code to consolidate? The last topic is the focus of this article: report consolidations. Read more…
JDE Contracts