Hello,
I have an issue with non inventory cost of production. It normally adds to the production order but in the expenses account it is rather credited (Substracted)
I have uploaded three pictures here check through the value 70000 it is ok in the production order but when you look at the summary it is -70000
When you allocate a non inventory cost to a production order, you are transferring a cost from an expense account to the inventory account.
So it is completely normal that the cost is subtracted from the expense account
Also, please use a screen copy tool (Snipping tool in Windows) to copy screen images rather than post photos of the screen. This makes it easier to see the screen
I am facing the same Problem , do we have a solution for this? @Tut could you support?
I dont see any problem here. Explain whats the issue.
@Gerad, you are not facing a problem. You are seeing the same correct results as the original poster, as explained by @Joe91.
It may be legal in your jurisdiction to exclude non-inventory costs from production orders and, therefore, from the value of finished goods. Check with a local accountant to be sure. In that case, however, you should not include the labor costs on the production order. They would then appear on your profit and loss statement as an ordinary expense (shown as a positive number under the Expenses group). But they can only appear in one place: as an expense or as an asset. If the program did not transfer the expense of non-inventory costs on production orders to the inventory asset account, you would be in trouble with your tax authority.
The question was already answered. When the overhead expense is apportioned it normally adds to the product cost why it reduces from the expense account
Thank you
