- You must enroll in this course to access course content.
“Whipping Your WIP into Shape” is an interactive series of on-line sessions to educate and energize you about the work orders in Visual ERP. This is where IT all happens. Where the operations do their work but also where the money is made (or lost). These sessions will not just tell you how work orders work but it will delve into the financial area of tracking work orders. We will cover:
- The 15 different ways costs can be added to work orders. Are there some you could be using to make work orders more accurate or make the efforts easier?
- The 5 benefits of using estimates or the downfalls of missing and incorrect estimates
- The top 5 things that operations do that impact finances, especially at month-end. And spoiler alert, some of these are bad.
- The underpinnings of Visual so you know how & where Visual ERP gets the accounts and amounts.
Who is this course for?
- CFO’s, Controllers, Accounting Managers
- Cost Accountants, Financial Analysts
- Production Managers, Plant Managers, Process Engineers
- Business Owners
- Anyone who is curious or obsessed with understanding more about Visual’s Work In Process: costing, control and profitability.
The real beauty of the course is that the finance & operations folks can now talk the same language. The mysteries will be eliminated. Everyone will have a better appreciation of each other’s jobs and how things are working in Visual ERP.
Course Instructor
One Time Tuition
$997.00
6 months of access
Session 1 Manufacturing Foundation for Visual’s Cost Accounting
Introduction, Costing Decisions
Maintenance Files
Maintenance Files Continued
Work Order Structure
Session 2 Transaction Types and Costing Utilities
Transaction Types
Material Issues, Labour Tickets
Account Payable
Costing Utilities
Session 3 WIP Reporting and Research
WIP Balance
Group Exercise, WIP Balance Report
Work Order Cost Accuracy, WIP Balance Report
Session 4 General Ledger Setup and Accuracy
GL Setup Impacting WIP
GL Interface Table, Posting Hierachy
WIP Account on Purchase Order
Creative Product Codes
Session 5 WIP Costing Method and Work Order Cost Layers
WIP Costing Decisions and Impact on Estimates
Work Order Tables and Terminology
Inventory Trans Not Updated With Final Work Order Costs
Cost Analysis Tools For Work Orders
Session 6 Reset Standards, Researching, Reversing and Recap
Updating Standard Costs
Researching Work Order Costs
Reversing Work Order Transactions
Recap