Applied – Material overhead Accounts (for receiving – BUY items).Standard Cost Revaluation Account (for standard cost revaluation function).Accounts that are used for standard cost item transaction in manufacturing are: Variance Material (for potential labor, machine and material variances)Īccount Numbers for standard cost items are set in the Item Account Maintenance Costing window. WIP (for MO close of issued/back flushed components of made items) Cost Of Goods Sold (for sales invoices) Inventory Offset (for inventory adjustments, receiving) This is dependent on the type of costing used.Īccounts that are used for actual cost item transactions in manufacturing are: What Accounts need to be setup for Manufacturing This is the Item Account Maintenance – Costing window. The 2nd window below the Item Account Maintenance window is for Manufacturing. The top window is the core accounts for Great Plains for Items. To open the Item Account Maintenance window go to Cards> Inventory > Item and then click the Account button. Manufacturing Inventory and General Ledger Transactions General Where to set up Manufacturing AccountsĪccount numbers for both actual and standard cost items and are set in the Item Account Maintenance window. For information about setting up the module, see Manufacturing Setup - Part 1: Manufacturing setup and Manufacturing Setup - Part 2: User setup.

This article describes the accounts that are used in the Manufacturing module in Dynamics GP.

Accrued accounts for cogs