This option, which is located in Posting window of G/L module's Operations menu, is used to post cost of goods sold to G/L according to IFRS.
G/L account codes to be used to post the cost of goods sold (CGS) to G/L within the scope of IFRS can be assigned using CGS G/L codes (IFRS) option located in the right mouse button menu of the sales invoices window, using CGS G/L codes (IFRS) option located in the right mouse button menu of the sales invoices list, using Cost of Good Sales G/L Codes (IFRS) parameter of the Materials option located in the G/L
Connection Codes menu of the General Ledger section and using G/L accounts option of the material window.
Cost of goods sold can be posted to G/L according to IFRS using "Generate CGS Journal Slip (IFRS" option located in the right mouse button menu of the Sales Invoices window or Posting option located in the Operations menu of the General Ledger section.
Generating CGS Journal Slips Within the Scope of IFRS from the Sales Invoices Window
Costs of goods sold are individually posted to G/L within the scope of IFRS using "Generate CGS Journal Slip (IFRS)" option located in the right mouse button menu of the Sales Invoices window. This option is available only in the right mouse button menu of Sales Invoices posted to G/L. When "Generate CGS Journal Slip (IFRS)" is selected, the window in which criteria to be applied in journal generation will be specified is opened. The filters and functions of the window are:
Filter | Value |
|---|---|
Posting Control | Will be done / Will not be done |
Line Combining | Yes / No |
G/L Slip General Description | Will Be Regenerated / Will Be Taken From Posted Slip |
G/L Slip Line Description | None / Transaction Number / Document Number / Transaction Type / Line Description / Material Description / AR/AP Title / General Description (1) / Material Code / Slip Date |
Run Costing Maintenance First | Yes / No |
Consider Inputs First For Daily Transactions | Yes / No |
G/L Slip Date Assignment | Posted Slip Date Will be Assigned / Will Be Assigned From G/L Slip Date Filter / Date of Related Slip Will be Assigned |
G/L Slip Date | Date entry |
Posting Control: "Will be done" option should be checked in this filter line if the journal slips resulting from the posting transaction would be displayed and recorded after being checked. In this way, each Journal Slip is displayed and saved after being checked. If "Will not be done" is selected, generated slips are checked directly in the relevant sections and recorded on the posting file.
Line Combining: This filter line is used to define how the lines of the same slip with the same G/L connection code will be posted to G/L. This filter contains Yes and No options. When "Yes" is selected, lines within the same slip that will be tracked under the same account code are combined and posted to G/L, and displayed on the Journal Slip as a single line.
G/L Slip General Description The content of the general description of the Journal Slip resulting from posting is specified on this filter line. The filter line contains the following options:
- Will be Regenerated
- Will be Taken from Posted Slip
When "Will Be Regenerated" is selected, the description is regenerated by the application.
If "Will be Taken from Posted Slip" is selected, the description of the slip is transferred into the Journal Slip.
G/L Slip Line Description: This field is used to generate descriptive lines on the G/L Slip resulting from the posting operation. The fields required to be transferred to the G/L Slip as description fields are specified on this filter.
Run Costing Maintenance First: If the costing is required to run before the posting operation "Yes" is selected on this filter line.
Consider Inputs First For Daily Transactions: Within daily transactions, the inventories can be decreased under negative level because of hour. So it is important to consider input transactions first. When you approve this filter line, in posting transactions the inputs are considered first.
G/L Slip Date Assignment: Used to define the default G/L slip date to be applied.
G/L Slip Date: In the event of selecting "Posted Slip Date Will be Assigned" option in "G/L Slip Date Assignment" filter line, the date to be applied is determined in this line.
Once the condition is specified on the filter lines, the CGS Journal Slip (IFRS) is completed by clicking "OK" button.
Generating CGS Journal Slips Within the Scope of IFRS from the General Ledger Section
CGS Journal Slips can be generated in batch according to IFRS using Posting option located in Operations menu of General Ledger section. SMM journal slip generation conditions are specified on CGS Journal Slip Generation (IFRS) window. The filters and functions of the window are:
Date Range: This filter line is used to specify the date range in which the CGS transactions will be posted to G/L.
Division No: This option is used to post transactions performed in application sections by their divisions. All divisions are checked as default.
Department No: This option is used to post transactions performed in application sections by sections. All sections are checked as default.
Warehouse No: This option is used to post transactions performed in application sections by warehouses. All warehouses are checked as default.
Slip Number: This option is used to filter transactions to be posted by slip number or by transaction number. Slips to be processed are specified by making a group or range definition.
Slip Aux. Code: The slip type field can be used to select the slips of specific transactions, or only the transactions with the required Aux. Code can be posted to G/L through filtering by slip aux. code. Slips to be processed are specified by making a group or range definition.
Slip Authorization Code: The slip type field can be used to select the slips of specific transactions, or only the transactions with the required Aux. Code can be posted to G/L through filtering by slip auth. code. Slips to be processed are specified by making a group or range definition.
Slip Type: This option is used to post transactions performed in the sections of the LOGO applications by slip or transaction types.
Posting Period: Posting Period is used to determine a date range to specify transactions that will combined and posted to G/L while posting. Costing Period filter contains, "Daily", "Weekly", "Monthly" options.
Posting Type: This filter line is used to specify the posting method. It contains "General", "By Divisions", "One-to-one" and "By Divisions and Departments" options. When General is selected, a single Journal Slip is generated when the transactions within the date range specified on the Date Range filter line are posted to G/L. When By Divisions is selected, transactions are posted to G/L by their divisions. A separate Journal Slip is generated for transactions of each division. When One-to-One is selected, each transaction is posted to G/L with a separate Journal Slip. When By Divisions and Departments is selected, the transactions are posted to G/L according to divisions and departments.
Posting Control: "Will be done" option should be checked in this filter line if the journal slips resulting from the posting transaction will be displayed and recorded after being checked. In this way, each Journal Slip is displayed and saved after being checked. If "Will not be done" is selected, generated slips are checked directly in the relevant sections and recorded on the posting file.
Line Combining: This filter line is used to define how the lines of the same slip with the same G/L connection code will be posted to G/L. This filter contains Yes and No options. When "Yes" is selected, lines within the same slip that will be tracked under the same account code are combined and posted to G/L.
G/L Slip General Description: The content of the general description of the Journal Slip resulting from posting is specified on this filter line. The filter line contains "Will be Regenerated" and "Will be Taken from Posted Slip" options.
When" Will be regenerated" is selected, the description is regenerated by the application.
If "Will be Taken from Posted Slip" is selected, the description of the slip is transferred into the Journal Slip.
G/L Slip Line Description: This field is used to generate descriptive lines on the G/L Slip resulting from the posting operation. The fields required to be transferred to the G/L Slip as description fields are specified on this filter.
Run Cost Maintenance First: If the costing is required to run before the posting operation "Yes" is selected on this filter line.
Consider Inputs First For Daily Transactions: Within daily transactions, the inventories can be decreased under negative level because of hour.
So it is important to consider input transactions first. When you approve this filter line, in posting transactions the inputs are considered first.
CGS Generation Method (IFRS) This field contains the following options:
- Current Costs
- Cost of Differences
When Current Costs is selected, a CGS is generated for the current costs of sales invoices posted to G/L.
When Cost of Differences is selected instead, a CGS is generated for any cost difference occurred due to any reason such as price differences in sales invoices for which CGS is already generated.
Journal Slips resulting from the CGS generation transactions are listed on the Journal Slips window with document type information. CGS slips generated for current costs are listed with the letter "M", and CGS slips for cost of differences are listed with the letter "F".
CGS Journal Slip Date Assignment (IFRS): In this line, the default date is specified to be applied to G/L slip. If "Posted Slip Date Will be Assigned" option is selected, the date of the posted slip is transferred into the CGS journal slip (IFRS). If related G/L slip date is later than the CGS slip to be generated, CGS slip is not generated. If "Date of Related Slip Will be Assigned" option is selected, previously generated G/L slip's date is assigned to CGS slip. In case of selecting "Will Be Assigned From G/L Slip Date Filter" option, the date to be applied is the date entered into the G/L Slip Date filter line. The date specified in G/L Slip Date filter line is assigned to journal slip which will be generated at the end of posting transaction.
G/L Slip Date: In case of selecting "Will Be Assigned From G/L Slip Date Filter" in "CGS Journal Slip Date Assignment (IFRS)" filter line, the date to be applied is determined in this line.
Slips To Be Posted: This filter line is used to determine the invoice type of which CGS slips will be posted to G/L. Contains the following options:
- All
- Sales Invoices
- Export Invoices
AR/AP Code: This filter line is used to determine the AR/AP of which CGS slips will be posted to G/L.