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Just-in-Time Journal Entry - Purpose
Just-in-Time Journal Entry - Purpose
IA140E
The Just-in-Time Journal Entry program (IA140E) reads a logical file built over the flow receipt, flow issue, and time recording audit trails. Journal entries are booked for all transactions. The records are retrieved in part, workcenter, transaction code, and date sequence. Two accounting transactions are generated for each audit trail record. The flow receipt and flow issue journal entries are written to the inventory journal entry file (IA110AP). The time recording (labor cost, burden cost, and miscellaneous cost) journal entries are written to the shop floor journal entry file (IA120AP). If time recording is performed, variance journal entries are written to the manufacturing order journal entry file (IA130AP). The variances calculated by this program are material, labor, burden, and miscellaneous cost. If time recording is not performed, labor, burden, and miscellaneous costs are booked at standard based on the receipt quantity. This program provides five reports: JIT Direct Labor Summary, JIT Burden Cost Summary, JIT Miscellaneous Cost Summary (these reports show costs by part and work center if time is reported), JIT Activity Cost Summary (for all parts shows the standard actual and variance for each cost element), and an error report that lists exceptions. (This program performs processing similar to Inventory Journal Entry Generation (IA110E), Shop Floor Journal Entry Generation (IA120E), and Manufacturing Order Journal Entry Creation (IA130E), except it does this for JIT audit trails.)
