Dear AccountMate Clients;
We frequently receive requests for period-end closing procedures, particularly questions about the reports to print to validate the balance sheet. Around this time last year, we released a period-end checklist to help you stay on track.
As the requests have continued throughout this year (and as our new laminating machine arrived!), we decided to provide you with another tool.
Earlier this week we mailed our clients our updated period-end checklist, specific to your platform (SQL or LAN). On one side, there’s a detailed listing of procedures and reports. If you prefer a more abbreviated version, flip the card over and use the At-A-Glance version. The At-A-Glance face can be written on (there isn’t room on the Detailed Checklist side!) .
If you have any questions – refer to your new pocket guide! If it doesn’t have the answer, please give us a call. We’re always available for free fifteen minute conversations.
Can’t wait for the mail? You can download PDF versions of our new SQL and LAN checklists from our site.
Regards,
Kevin E. Stroud
NexLAN, LLC
https://nexlan.com
Tech Note
It is of vital importance for manufacturing companies to properly account for and control production costs. When it comes to overhead costs, this is easier said than done. Some overhead costs may be constant over a certain period; most of them are variable. What’s more, even the fixed costs have to be allocated over a fluctuating number of cost centers, activities, projects or goods; thereby complicating the costing process.
Manufacturers have devised various means to apportion overhead costs to their products. In some cases, this applied overhead cost is a fixed amount; in others they are defined as a percentage of the direct manufacturing cost. Both methods are supported in AccountMate.
This week we reissue an article that discusses the two methods by which overhead costs may be applied to manufactured products.
Article 1124: Understanding Manufacturing Overhead Costs
Charles Ocat
Director of Technical Services
AccountMate Software Corporation
Technical Tips
Version: AM6.5 for SQL and MSDE
AM6.5 for LAN
VAM/LAN Version 5
Module: MI
Q: When I created a work order I wanted to copy the line items from a sales order. Why is the Sales Order option button disabled in the Copy Work Order Record window?
A: Verify that you marked the Allow Creation of WO from SO checkbox in the MI Module Setup General (2) tab.
Version: AM6.5 for SQL and MSDE
Module: RA
Q: In the Line Item Details window of the RMA Transaction function, what value must be entered in the Purchaser field? How does it differ from the value entered in the Buyer field?
A: The Purchaser field displays the name of your customer’s employee who purchases items from your company; on the other hand, the Buyer field contains the name of your company’s employee who purchases items for your company.
Version: AM6.5 for SQL and MSDE
AM6.5 for LAN
VAM/LAN Version 5
Module: SO
Q: If my company cannot fulfill an item on a customer’s order, I want to the system to cancel those items automatically. How can I facilitate this?
A: In the Cancel Open Qty During Ship SO section of the SO Module Setup function set the option to Always Cancel. If you want to be prompted before cancellation, select the Prompt for Cancellation option button.
Version: AccountMate 6.5 for SQL/MSDE
VAM/LAN Version 5
Module: AP
Q: I recorded a prepayment transaction for a particular vendor. I then posted an AP invoice for the same vendor. When I attempted to apply the prepayment, the Apply Prepay button is disabled. I checked the open debit balance in the vendor record and discovered that it did not reflect the prepayment transaction. What did I miss?
A: Prepayments need to be paid either by posting a handwritten check or printing a computer check before you can apply them to the AP invoice. Also, only when it is recorded as paid will it be reflected in the open debit balance of the vendor.
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