Our SAGE100Contractor is set up to use LIFO, but it also maintains an average cost for each item. When items are used on a service invoice or job allocation, the cost posted to the G/L is LAST COST, but AVERAGE COST is posted to the job. This creates an out of balance situation between the Job ledger and the general ledger for Material costs. Every month I have to make adjusting entries directly to the Job Module to keep the ledgers in balance. I don't understand any circumstance that allows the ledgers to legitimately post out of balance with each other. I believe this is a situation that should be corrected.

by: Kay K. | over a year ago | Inventory