Returns – RMA to Vendor Journals

Overview  This document will serve as an overview of the functionality available via Purchase Orders, RMAs/Returns, and the AFP tool to create a purchase order, purchase order receipt, and RMA to Vendor journals.  It will illustrate receiving an item with a cost type of standard and generating and processing an RMA.  The RMA generated will […]

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Purchase Order – Purchase Journals

Overview  This document will serve as an overview of the functionality available via Purchase Orders and the AFP tool to create a purchase order, purchase order receipt, and purchase journals.  It will illustrate receiving an item with cost types of standard, average, and last.    Definition: Whenever a purchase order is received, a journal can be […]

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Inventory Adjustments – Journals

Overview  This document will serve as an overview of the journals that get created as a result of inventory adjustments, whether ADDition or SUBtraction.   Definition: Journal Entries can occur when you are in the Item Master screen, and scroll down to Inventory Adjustments, and choose one of Add to Inventory or Subtract from Inventory.   Ascent’s […]

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Production Work Order – Material Variance

Overview  This document will serve as an overview of the functionality available via Production Work Orders and the AFP tool to create a production work order, production work order completion, and material variance.  Definition: Material Variance can occur when an item, which is a BOM-non Phantom, has a cost type of “Standard”, is built, and […]

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