This new feature allows for the invoice transaction entry within the Purchase Ledger to validate the goods value against the ‘free’ budget on the job record for the selected cost code / category.
During invoice entry, after confirmation of the job code and
cost code, the system will compare the goods value for this line (including any
previous lines for the same job / category) against the available budget on the
job record. The available budget is
calculated on the basis of ‘Budget’ less ‘Actual’. If the available budget is sufficient the
system will allow you to continue with the rest of the purchase transaction
entry, if the budget is insufficient the system will warn accordingly.
If you accept the warning you will be returned to the job
code to re-select another job/cost code as required. Alternatively you can press the
<F7-Option> key to accept the entered job/cost code even though the
‘actual’ will be over budget. If you
have elected to override the warning you may, depending on configuration, be
prompted for a password to allow the override – key in as required.
Installation
To enable the validation of purchase invoices against the jobs available budget you need to set parameters within the Job Costing System Profiles. Parameter Screen 1 allows the additional options to enable this feature.
Check Actuals in P/L-Inv – set this option to enable the ability to validate the invoice goods value against the jobs available budget.
Password if exceeds budget – set an optional password that the operator must enter if overriding the ‘budget exceeded’ message.
Notes
If using a Foreign Currency system the base currency equivalent of the entered goods value will be used in validating the available budget.
If mark-up options configured, either in the Job Costing System Profiles or against the individual cost code, then the mark-up percentage will be applied to the goods value when comparing against the available budget.
The Job Costing link to the Purchase ledger must be set for ‘real-time’ updating within the Job Costing System profiles.
Article ID: 248
Created On: Wed, Jun 13, 2012 at 10:38 AM
Last Updated On: Mon, Jun 19, 2023 at 4:33 PM
Online URL: https://kb.datafile.co.uk/article/validate-invoice-entry-against-job-budgets-p-l-only-248.html