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Calculating EOQ - Economic Order Quantity (Inventory Costs & Purchasing Costs)
 
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http://www.driveyoursuccess.com This video explains how to calculate economic order quantity using the time-tested Wilson EOQ formula. The video provides a step-by-step process to defining the economic order quantity for any company. It takes into consideration the company's annual or yearly consumption, the price it pays for each unit it purchases for its inventory, the cost to make that purchase and finally, the company's costs to hold inventory on a monthly basis. Determining the annual or yearly consumption is fairly straightforward. Simply take a total of all the inventory of a given part used in a year. Next, take the amount your company pays for that part or raw material. Determining your company's costs to purchase doesn't merely involve totaling your total volume multiplied by price. Instead, it's more about defining what it costs your company to make a purchase. How much does it cost your company to purchase from a vendor? Your costs to purchase include time spent to approve and sign purchase requisitions. It also includes the time spent placing that order and sending it to your vendor. Next, the costs of inspecting the order are accounted for and finally, the costs of paying your vendor. The Wilson EOQ formula involves doubling your yearly consumption total and multiplying it by your company's cost to purchase. This amount is then divided by the sum of the raw material or part's price multiplied by its inventory holding costs. The Wilson EOQ formula is an excellent tool for making sure your company doesn't buy too much or too little.
Views: 151174 Ian Johnson
SAP PO Account Assignment to Cost Center Accounting (CCA) - Part2
 
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This SAP Training video explains the process for Expense PO. Cost Center is used as account assignment. Accounting Entries are explained. Transaction Codes used are 1.ME21N - Creation of Purchase Order with K as account assignment 2.MIGO - Goods Receipt against the purchase order 3.MB03 - Display Material Document and also attached Accounting Document 4.MIRO - Invoice Receipt against the purchase order 5.MIRO - Display Invoice and follow on documents 6.OKKS - to Set the controlling area ( Normally preset ) 7.KSB1 - Cost Center Report for checking the postings
Views: 23937 SAP and Cloud
Purchase Orders | Accounting Software | Xero
 
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For a small business, sometimes placing an order can be as simple as calling your supplier and requesting goods or services. But as your business grows, the need to manage ordering will grow to. Purchase orders in Xero accounting software helps put you in control of purchasing from your suppliers -- so you both know exactly what's been ordered, the agreed cost, and when and where it should be delivered. Xero is beautiful accounting software for small businesses and their advisors. See your cashflow in real-time with online accounting, invoicing, payroll, billing & banking. Just login and see the difference. Sign up for a free trial at https://www.xero.com/signup Like us on Facebook: http://www.facebook.com/xero.accounting/ Follow us on Instagram: https://www.instagram.com/xero/ Follow us on Twitter: http://www.twitter.com/xero Follow us on LinkedIn: http://www.linkedin.com/company/xero Subscribe to our Youtube Channel here: https://www.youtube.com/user/XeroOnlineAccounting
Purchase Price Variance accounting, Postings when Goods Received, Invoice received and Std costing
 
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In this video, you will learn exactly when and what accounting entries are posted by ERP systems such as SAP ERP and Oracle Financials for recording of Purchase Price variance. https://www.instagram.com/learnaccountingfinance https://www.learnaccountingfinance.com You will learn the definition or meaning of purchase price variance. You will also learn what is standard costing and the two steps involved in recording purchase price variance journal entries in the system. Most of the times, these entries are automatically posted. However, in order for the system to work properly, standard cost for the material purchased needs to be maintained in the system. A price for the Purchase Order need to be entered as well. This is usually done by the Purchasing manager or Purchasing agent. The first step in recording Purchase Price variance is when the material is received. Usually the material is received either at the same time or before the invoice is received. However, the invoice is usually entered by the Accounts payable officer after some time. Therefore, the ERP system posts two purchase price variance entries; one at the time of recording of receipt in the system, and second, at the time of recording the invoice. At the time of recording goods receipt (GR), the purchase price variance is calculated by comparing the standard cost of material with the price entered in the Purchase Order. At the time the invoice is entered in the system, the system has the actual invoice price. So at this time another purchase price variance is recorded by comparing the price in the Purchase Order and the price entered from the vendor invoice. On a net basis, the purchase price variance is really the difference between standard cost of the material and the actual invoice price of the material. Remember, that in a standard costing system, inventory is always maintained at standard cost, while any differences between the standard cost and purchase order price or invoice price are recorded to the income statement through a variance account which is usually called the purchase price variance or PPV account. Hope this clarifies the confusion around accounting for PPV, specially when it is done by ERP systems automatically such as SAP ERP, Oracle Financials and other ERP systems. Make sure you like and subscribe to our channel. If you have any comments or questions, I would love to have your feedback in the comments section.
Economic Order Quantity (EOQ) ~ Material Costing [Cost & Management Accounting] ~ For B.Com/M.Com
 
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Explained the need and concept of Economic Order Quantity and solved some practical questions for better understanding. Students can download relevant study material from the below mentioned link for better understanding of the concepts... Download Assignments: https://drive.google.com/drive/folders/0BzfDYffb228JNW9WdVJyQlQ2eHc?usp=sharing
Views: 101719 CA. Naresh Aggarwal
Simple and weighted average (STORES LEDGER ) with solved problem :-by kauserwise
 
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Here is the video about Simple and weighted average in cost accounting , and in this video we discussed Simple and weighted average (STORES LEDGER ) with solved problem in simple manner. Hope this will help you to get the subject knowledge at the end. Thanks and All the best. To watch more tutorials pls visit: www.youtube.com/c/kauserwise * Financial Accounts * Corporate accounts * Cost and Management accounts * Operations Research Playlists: For Financial accounting - https://www.youtube.com/playlist?list=PLabr9RWfBcnojfVAucCUHGmcAay_1ov46 For Cost and Management accounting - https://www.youtube.com/playlist?list=PLabr9RWfBcnpgUjlVR-znIRMFVF0A_aaA For Corporate accounting - https://www.youtube.com/playlist?list=PLabr9RWfBcnorJc6lonRWP4b39sZgUEhx For Operations Research - https://www.youtube.com/playlist?list=PLabr9RWfBcnoLyXr4Y7MzmHSu3bDjLvhu
Views: 473043 Kauser Wise
FIFO and LIFO(Pricing of  material issue) with solved problem :-by kauserwise
 
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Here is the video about FIFO and LIFO(Pricing of material issue) in Cost accounting Simple explanation with solved problem, Hope this will help you to get the subject knowledge at the end. Thanks and All the best. To watch more tutorials pls visit: www.youtube.com/c/kauserwise * Financial Accounts * Corporate accounts * Cost and Management accounts * Operations Research Playlists: For Financial accounting - https://www.youtube.com/playlist?list=PLabr9RWfBcnojfVAucCUHGmcAay_1ov46 For Cost and Management accounting - https://www.youtube.com/playlist?list=PLabr9RWfBcnpgUjlVR-znIRMFVF0A_aaA For Corporate accounting - https://www.youtube.com/playlist?list=PLabr9RWfBcnorJc6lonRWP4b39sZgUEhx For Operations Research - https://www.youtube.com/playlist?list=PLabr9RWfBcnoLyXr4Y7MzmHSu3bDjLvhu
Views: Kauser Wise
Make or Buy Decision
 
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This video shows the optimal way for firms to choose whether to manufacture a product component internally or purchase the component from an external supplier. The key is for managers to focus only on relevant costs-- those costs that differ among alternatives-- when deciding which route incurs a lower cost. Edspira is your source for business and financial education. To view the entire video library for free, visit http://www.Edspira.com To like us on Facebook, visit https://www.facebook.com/Edspira Edspira is the creation of Michael McLaughlin, who went from teenage homelessness to a PhD. The goal of Michael's life is to increase access to education so all people can achieve their dreams. To learn more about Michael's story, visit http://www.MichaelMcLaughlin.com To follow Michael on Facebook, visit https://facebook.com/Prof.Michael.McLaughlin To follow Michael on Twitter, visit https://twitter.com/Prof_McLaughlin
Views: 73815 Edspira
Oracle Applications Fusion Cloud - Cost Accounting
 
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You can view the entire series @ https://oracleug.thinkific.com/courses/oracle-applications-fusion-cloud-cost-accounting Oracle Cloud/Fusion Cost Management Cloud training will help you develop the fundamental skills required to set up and use Oracle cloud/fusion Cost Management module. This training covers all the tasks, setups, forms and reports used in CM and related modules. Topics Covered Cost Accounting Concepts Overview Cost Organization Structure Cost Books Cost Organizations Cost Organization Relationships Cost Organization Data Access for Users Cost Profiles Accounting – Cost Method, Component Group Valuation Rules - Valuation Structure Work Order Valuation Rule Cost Structure - Cost Component Mapping Group Transaction Costing Rule Item Cost Profiles Default Cost Profiles Valuation Units End to End Business Scenarios Actual Cost (FIFO) Default Cost Profile Inventory Receipt Transaction Transfer Transactions from Inventory to Costing Create Cost Accounting Distributions Review Cost Accounting Distributions Create Accounting Review Journal Entry Review Item Cost Profile Review Item Cost Item Quantities Inventory Valuation Report Inventory Issue Transaction Review Item Cost Item Quantities Inventory Valuation Report Standard Cost Item Cost Profile Transfer Transactions from Inventory to Costing Create Cost Accounting Distributions Review Cost Accounting Distributions Create Accounting Review Journal Entry Cost Accounting Tasks Cost and Profit Planning Manage Cost Scenarios Manage Standard Costs Manage Resource Rates Manage Overhead Rates View Work Definitions View Rolled up Costs View Scenario Exceptions Compare Standard Costs Item Costs Review Item Costs Analyse Standard Purchase Cost Variances Manage Accounting Overhead Rules Manage Cost Adjustment Cost Accounting Setups Cost and Profit Planning Costing Key Flexfields Costing Lookups Costing Descriptive Flexfields Cost Analysis Groups Cost Elements Overhead Expense Pools Overhead Cost Element Groups Subledger Application Update Subledger Application Options Subledger Application Transaction Objects Create and Assign Sources Sources Accounting Attributes Accounting Methods Subledger Journal Entry Rule Sets
Views: 3934 ND Sng
3 Types of Inventory (Raw Materials, WIP, and Finished Goods)
 
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This video discusses the three different types of inventory for manufacturing firms: raw materials, work in process (WIP), and finished goods. An example is provided to illustrate the concepts and demonstrate how the three types of inventory are used to calculate total inventory. Edspira is your source for business and financial education. To view the entire video library for free, visit http://www.Edspira.com To like us on Facebook, visit https://www.facebook.com/Edspira Edspira is the creation of Michael McLaughlin, who went from teenage homelessness to a PhD. The goal of Michael's life is to increase access to education so all people can achieve their dreams. To learn more about Michael's story, visit http://www.MichaelMcLaughlin.com To follow Michael on Facebook, visit https://facebook.com/Prof.Michael.McLaughlin To follow Michael on Twitter, visit https://twitter.com/Prof_McLaughlin
Views: 85214 Edspira
"PURCHASE DEPARTMENT" IN COST ACCOUNTING FOR BBA/MBA/B.COM/IPCC
 
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PERSONAL TUTOR IS ONE OF THE PIONEER IN THE FIELD OF EDUCATION WHICH PROVIDES EDUCATIONAL SERVICES PAN INDIA WITH THE HELP OF ITS 500 ACTIVE TEACHERS WE ASPIRE TO FLOURISH A NEW WAVE OF MODERNITY IN THE FIELD OF EDUCATION KINDLY SUBSCRIBE OUR CHANNEL TO BE A PART OF THIS EDUCATION HUB
Views: 544 Personal Tutor
Better Prices from Suppliers | Cost Saving Purchasing Tips
 
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Money Saving Purchasing Tips Ways to Receive Better Prices from your Suppliers http://turnkeydoc.com/accounting/purchasing/ Effective purchasing may seem like a basic business process, however sometimes the obvious can be overlooked. Effective purchasing can have a massive positive impact on your profits for a relatively small amount of work, in some instances one call in to a supplier can achieve lower prices. This short video will explore some ways you can achieve this. Ask you current suppliers for a lower price! Don't be shy, research the market and if you think you are overpaying, ask for a better price. This is key to saving money while purchasing for your company Don't assume that because you have been loyal to a supplier for a long time they are giving you their best price. Insurance is a good example of this, once you buy a policy and you are auto renewed every year, the premiums rarely go down. Ask questions when it's time for a policy to expire, let them know you're paying attention. Save money when purchasing insurance by using a broker. Save money when purchasing by reviewing your prices and supplier list regularly and benchmark against the market, complete a full review of your supplier portfolio at least once a year. For high value items and one off purchases, get at least three comparative quotes. There can be a surprising range of prices available. Use your purchasing power, save money by reducing the size of your order from your current supplier and push extra volume or activity to a new one. Once you inform your supplier that you will send more orders their way if the price is right, you just might see a sudden willingness to negotiate. When ordering look out for suppliers adding unwanted charges, like delivery, insurance, handling fees. These items tend to be low value add-ons but can mount up and add zero value. This is the number one rule for saving money when you purchase inventory or business supplies In addition to your trade suppliers, the following areas often provide opportunity for cost savings; Insurance for; motor vehicles, liability, or workers compensation; Phones and wireless connections, particularly plan types; Banking and finance charges and Marketing, both online and print For more information on effective purchasing, please visit us at www.turnkeydoc.com Don't forget to subscribe to your youtube channel to receive free video tips every month! http://youtu.be/xjEJn3kmQaw Google Plus: https://plus.google.com/u/0/b/107057463999675049074/107057463999675049074/about Facebook: https://www.facebook.com/pages/Turn-Key-Doc/298240720333688 Twitter: https://twitter.com/turnkeydoc/ Youtube Channel: https://www.youtube.com/channel/UC8LlHO8tJf-w-BmhdJobdCw
Views: 11922 Turn Key Doc
Purchase Orders
 
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2:15 : Definition and Types of Purchase Orders 18:32 : Adding a Purchase Order 40:23 : Adding a new Vendor 49:30 : Saved to Batch Purchase Orders 105:20 : Appropriation Open Purchase Order Register Report
Views: 631 UANLink
Purchase Orders, Receipts, and Invoices in Dynamics AX 2012
 
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The purchase order to vendor invoice can be simple if you desire. This video shows a simple process to create purchase orders, receive items from a purchase order, and then match the vendors invoice to the PO/Receipt.
Accounting for Purchase Orders & Inventory in Brightpearl
 
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Find out how Brightpearl's accounting for purchase orders & inventory can benefit your business with this video tutorial. Find out more & try for free at Brightpearl.
Views: 1163 Brightpearl
Quickbooks Online 2C: Purchase Order, Customer Charges, Invoicing
 
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Ken Boyd is the owner of St. Louis Test Preparation (www.stltest.net). He provides tutoring in accounting and finance to both graduate and undergraduate students, as well as QuickBooks consulting. Ken is the author of Cost Accounting for Dummies (Available in March of 2013). As a former CPA, Auditor, Tax Preparer and College Professor, Boyd brings a wealth of business experience to education.
Views: 2837 AccountingED
Purchase Price Variance (PPV)
 
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Visibility to purchase price variance (PPV) is very important for businesses like yours. In fact, these reports are crucial to companies that look at PPV as a key performance indicator for their purchasing department and vendors.
Quickbooks 12: Purchase Orders Customer Estimates
 
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Ken Boyd is the owner of St. Louis Test Preparation (www.stltest.net). He provides tutoring in accounting and finance to both graduate and undergraduate students, as well as QuickBooks consulting. Ken is the author of Cost Accounting for Dummies (Available in March of 2013). As a former CPA, Auditor, Tax Preparer and College Professor, Boyd brings a wealth of business experience to education.
Views: 2232 AccountingED
Accruals explained
 
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Accruals, accrued expenses, and accrual accounting. The accrual principle is used extensively in the business world, but not intuitively clear to everyone. This short tutorial provides clear and simple examples of the accruals concept and accrual journal entries, so you can contribute to the discussion in your company next time the topic comes up! In many companies, the topic of accruals resurfaces at the end of every period, usually as a variation on this question asked by the CFO or corporate controller: “Quarter-end is near…. Do you have any accruals that need to be included?” Most finance people would know what the CFO means here, and the CFO probably assumes the rest of the business does as well, but that is often not the case. The question from the CFO could actually mean two things: are there any expense accruals to be made, or are there any revenue accruals to be made? You would make an expense accrual when expenses have been incurred for which we have not yet received an invoice from a supplier. You would make a revenue accrual when goods or services have been delivered, in other words the revenue has been earned, but we have not yet actually billed the customer. Using accruals allows a business to more closely adhere to the matching principle. If you have any accrual examples for your company, then please share them as a comment below this video. Once you understand accruals after watching this video, deferrals and prepaid expenses are an important topic to study next: Deferred revenue https://www.youtube.com/watch?v=SNguYyKrqL4 Prepaid expenses https://www.youtube.com/watch?v=hUz39T8-V1I Prepaid expense examples https://www.youtube.com/watch?v=drX-qrrvedo Philip de Vroe (The Finance Storyteller) aims to make strategy, finance and leadership enjoyable and easier to understand. Learn the business vocabulary to join the conversation with your CEO at your company. Understand how financial statements work in order to make better stock market investment decisions. Philip delivers training in various formats: YouTube videos, classroom sessions, webinars, and business simulations. Connect with me through Linked In!
Standard Costs and Variance Analysis
 
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This video discusses the use of standard costs in Managerial Accounting. It also provides a comprehensive example to illustrate how standard costs are useful in calculating the price variance and quantity variance. Edspira is your source for business and financial education. To view the entire video library for free, visit http://www.Edspira.com To like us on Facebook, visit https://www.facebook.com/Edspira Edspira is the creation of Michael McLaughlin, who went from teenage homelessness to a PhD. The goal of Michael's life is to increase access to education so all people can achieve their dreams. To learn more about Michael's story, visit http://www.MichaelMcLaughlin.com To follow Michael on Facebook, visit https://facebook.com/Prof.Michael.McLaughlin To follow Michael on Twitter, visit https://twitter.com/Prof_McLaughlin
Views: 248342 Edspira
Budget 3 - Materials Purchases Budget
 
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The links to the problems are no longer working. If you want updated videos (with working links) try this playlist: https://youtu.be/2eG_UVdoJrA In this series of videos we will prepare 7 types of budgets. 1.) Schedule of Expected Cash Collections 2.) Production Budget 3.) Materials Purchases Budget 4.) Direct labour Budget 5.) Manufacturing Overhead Budget 6.) Selling and Administrative Budget 7.) Cash Budget This video and the attached worksheet were prepared by Tony Bell of Thompson Rivers University (TRU) - I encourage educators to freely use, edit and modify these videos and the attached worksheet - they are available under Creative Commons Licenses.
Views: 61770 Tony Bell
QuickBooks Online 2019 Tutorial: Purchase Orders and Partial Receiving
 
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Hector Garcia, CPA shows you how purchase orders work in QuickBooks Online Plus and how to do NEW partial receiving Topica contained in this video: 00:00:18 – Only on QuickBooks Online Plus edition and also turn on the purchase order feature 00:00:28 – How to turn on the purchase order feature 00:00:58 – How to create a purchase order (step by step) 00:08:33 – After creating the purchase order and partial receiving go back to the original P.O to inspect how it looks like and certified that the P.O is closed
Views: 32184 Hector Garcia CPA
IPCC Material Cost
 
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Badlani Classes, Gorakhpur (UP)
Views: 195812 CA dilip badlani
Purchase Order- OpenMiracle - The Free open source accounting software
 
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OpenMiracle is an open source accounting software, includes all the traditional accounting package features and also contains some additional features. OpenMiracle is an open source accounting software, ie its source code is available free of cost for life time. It is an attempt to make software accounting package available to the common man. It includes all the traditional accounting package features and also contains some additional features. The software is easy to use and helps you to manage your business accounts efficiently. It can replace the latest any accouting package. It is 100% open source which helps developers to reach their experience in creation of an accounting package.Its user friendly consoles and functions helps to reduce the user's work load.
Views: 3227 OpenMiracle
Oracle Purchase Price Variance and Invoice Price Variance
 
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Oracle Purchase Price Variance and Invoice Price Variance
Accounting - Inventory and Cost of Goods Sold - Part 1 of 2 - Severson
 
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See the below link for more resources, including a list of all of my videos, practice exercises, Excel templates, and study notes. https://www.dropbox.com/s/09hdhag3zieyt08/Severson%20YouTube%20Videos.xlsx?dl=0 This tutorial is part 1 in a series that covers the topic of accounting for inventory and cost of goods sold. This covers the inventory methods such as First In First Out (FIFO, Last In Last Out (LIFO), Weighted Average, and Specific Identification. It also discusses the topic of Lower of Cost or Market (LCM.) Part 2 is also available on YouTube.
Views: 116415 Christopher Severson
Quickbooks Online 1C Customers, Estimates, Vendor, Purchase Orders
 
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Ken Boyd is the owner of St. Louis Test Preparation (www.stltest.net). He provides tutoring in accounting and finance to both graduate and undergraduate students, as well as QuickBooks consulting. Ken is the author of Cost Accounting for Dummies (Available in March of 2013). As a former CPA, Auditor, Tax Preparer and College Professor, Boyd brings a wealth of business experience to education.
Views: 1817 AccountingED
FIFO Method of Store Ledger ~ Inventory / Material Control
 
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In this lecture I have discussed the procedure to prepare Store Ledger under FIFO Method (First in First Out) of Material Costing. For full course, Whatsapp on : +91-8800215448 🔴 Download Notes: https://drive.google.com/drive/folders/0BzfDYffb228JNW9WdVJyQlQ2eHc?usp=sharing 🔴 Connect on Facebook : https://www.facebook.com/ca.naresh.aggarwal 🔴 Connect with Google+: https://plus.google.com/u/0/+CANareshAggarwal #Accounting #FIFO #MaterialControl
Views: 138120 CA. Naresh Aggarwal
Cost Sheet ~ Reverse Calculations [Cost Accounting] ~ For B.Com/M.Com/CS
 
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Explained the procedure to find out missing values of a cost sheet by following reveres calculations. 🔴 Connect on Facebook : https://www.facebook.com/ca.naresh.aggarwal 🔴 Download Assignments: https://drive.google.com/drive/folders/0BzfDYffb228JNW9WdVJyQlQ2eHc?usp=sharing 🔴 Connect with Google+: https://plus.google.com/u/0/+CANareshAggarwal
Views: 33278 CA. Naresh Aggarwal
Datamoto - purchase order with budget : cost center
 
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http://datamoto.com You can create simple purchase order as well as control purchases through budget. You can create your purchase order budget from Cost Center. Online invoice and order management
Views: 257 datamotoeducation
How to Customize Invoices, Quotes, Purchase Orders and Receipts in Xero
 
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Get Your Xero 30 Day Free Trial: http://fitsmallbusiness.com/goto/xero-course-youtube/ In this lesson, we’re going to cover how to customize invoices, quotes, purchase orders and receipts in Xero. Access this Lesson here: http://fitsmallbusiness.com/customize-invoices-quotes-xero-course/ ====================================================== Access Our Course On How to Set up Customers in Xero: http://fitsmallbusiness.com/set-up-customers-xero-course/ ====================================================== Access Our Course On How to Set up Suppliers in Xero: http://fitsmallbusiness.com/set-up-suppliers-xero-course/ ====================================================== Access Our Course On How to Invoice a Customer in Xero: Coming Soon! ====================================================== Access Our Course On How to Create a Bill in Xero: Coming Soon! ======================================================
Views: 12053 FitSmallBusiness
Matching a Purchase Order to an Invoice
 
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Matching a Purchase Order to an Invoice
Views: 22616 Upkar Takhar
How to Setup Products for Purchase Orders
 
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Ordoro’s Purchase Order feature allows you to setup defaults for certain suppliers so that it is easy to re-order products on the fly! When setting up products for purchase orders, you can set the minimum order quantity, the supplier sku, and the supplier cost. After all that is setup, it’s as simple as selecting products and clicking ‘Order More’ to create a PO. This tutorial will demonstrate how to setup your products for easy re-ordering.
Views: 153 ordoro
#1 Standard Costing (Introduction) & Material Variance Analysis ~  [For CA/CS/CMA/M.Com/B.Com]
 
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Explained the concept and logic of Standard Costing. An ICAI exam question used to explained the concept of ascertainment of Direct Material Cost Variances without any formula to remember in a very easy away by simply applying the logic. Connect on Facebook : https://www.facebook.com/ca.naresh.aggarwal Download Assignments: https://drive.google.com/drive/folders/0BzfDYffb228JNW9WdVJyQlQ2eHc?usp=sharing
Views: 150387 CA. Naresh Aggarwal
COST CENTRE IN TALLY.ERP9/S.NO-10
 
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cost centre in Tally.ERP 9 refers to an organizational unit to which costs or expenses can be allocated during transactions while the cost category is used to accumulate costs or profits for parallel sets of cost centres.and maintain branch wise detail easily.
Views: 52686 TALLY ONLINE CLASS
Standard Costing: Full SAP S4HANA Demo for Purchased Items (Part 2/2)
 
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PART 2/2: Full demo of standard costing for purchased items on SAP S4HANA following the process explained in the previous videos: - Material Master data needed for Material Ledger Actual Costing - Creation, Mark, and Release of Standard Cost Estimate - Purchase Order creation with Shipping Costs - Goods Receipts with Actual Value different from Standard - Analysis of PPV (Purchase Price Variance) - Material Ledger Actual Costing Process - Financial Entries and Trial Balance Analysis Full Product Costing Playlist: https://www.youtube.com/playlist?list=PL8CXU2O8dFHYJzuLyr-K86zonwZpcHFIH This is a part of the "SAP S4HANA 1709 Training Series", in the link below https://goo.gl/Nhj6FW Don't be shy to ask any questions! Subscribe and Follow: YouTube - www.youtube.com/c/AbdullahGalal?sub_confirmation=1 LinkedIn - www.linkedin.com/in/galal -Facebook - www.facebook.com/AbdullahGalal.ERP -Facebook Group - www.facebook.com/groups/messg
How to do Internal Order Accounting in SAP FICO
 
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Internal orders are normally used to plan, collect, and settle the costs of internal jobs and tasks. The SAP system enables you to monitor your internal orders throughout their entire life-cycle; from initial creation, through the planning and posting of all the actual costs, to the final settlement and archiving: Implementation Considerations Order management within a company usually differentiates between sales-oriented orders, and internal orders. Sales-oriented orders (production or sales orders) are intended mainly for the logistical control of input factors and sales activities. Internal orders are categorized as either: Orders used only for monitoring objects in Cost Accounting (such as, advertising or trade fair orders) Productive orders that are value-added, that is, orders that can be capitalized (such as in-house construction of an assembly line). Internal order management is the most detailed operational level of cost and activity accounting. It can be used for: Cost monitoring, for example, where costs need to be looked at from object-related aspects, unlike in Cost Element Accounting or Cost Center Accounting Assisting decision-making, when you need to decide between in-house production and external procurement An enterprise’s internal orders can be used for different controlling purposes. For more information, see Classified by Controlling Objectives . Features You can use master data to assign certain characteristics to your internal orders, which enables you to control which business transactions can be used with the internal order. Internal order planning enables you to roughly estimate the costs of a job before the order starts and to make an exact calculation at a later date. You can choose between various planning approaches to compare the effectiveness of different methods. You can assign and manage budgets for internal orders. You apply the actual costs incurred by a job to your internal orders using actual postings. In Financial Accounting, you can assign primary cost postings (such as the procurement of external activities and external deliveries) directly to internal orders. In period-end closing you can use various different allocation methods (for example, overhead costing) to allocate costs between different areas of Cost Accounting. Order settlement enables you to transfer the costs incurred by an order to the appropriate receivers. The information system for internal orders enables you to track planned and assigned costs on your orders in each stage of the order life-cycle. You can archive internal orders that you no longer require.
Views: 4914 SAP Tutor Channel
SAP B1 Goods Receipt PO
 
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Recorded with https://screencast-o-matic.com
Views: 984 Gerry Reynolds
How to Pass Expense Entry in VAT Scenario in Tally ERP
 
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Click on the below link for downloading the Microsoft Excel Short Cut Keys and Formula List in a PDF File http://j.gs/20537633/microsoft-excel-e-book Click here for subscribing the youtube channel for more videos https://goo.gl/bnW6i4 In this Video, we are explaining "How to Pass the Expense Entry for Claiming VAT Input Credit"in Middle East. For learning TAlly Erp 9 in Detailed visit our Website : www.excelskillcorner.com About Tally ERP-9 Tally. ERP 9 is your perfect business management solution and GST software. With an ideal combination of function, control and customizability built in, Tally. ERP 9 permits business owners and their associates to do more. It is a complete product that retains its original simplicity yet offers comprehensive business functionalities such as Accounting, Finance, Inventory, Sales, Purchase, Point of Sales, Manufacturing, Costing, Job Costing, Payroll and Branch Management along with compliance capabilities for VAT, Excise, TDS, TCS, and now GST tool Tally has been designed to fit into your scheme of things. Be it handling exceptions that you may face in your day to day operations or adapting to your way of working, the software handles everything with the required flexibility. Tally empowers you to focus on running and growing your business while it takes care of all complexities. Features in Tally Accounting Management Interest Calculation Cost Centres and Profit Centres Multi-currency Balance Sheet and P&L Cash and Fund Flow Bank Accounting Cheque Management Bank Reconciliation e-Payments Licensing and User Management Defining Security Levels Data Backup and Restore TallyVault Split Financial Year Data Migration from Earlier Versions of Tally Tally Audit Set Budgets and Track Variances Scenario Management Credit Limits and Periods Group Companies Multi-company Multi-lingual Remote Access E-mailing / Uploading Documents Data Synchronisation Help and Support Data Import and Export Tally ODBC Customisation with TDL TallyShop Stock Management Stock Journal Physical Stock Entry Multiple Stock Valuations Inventory Reporting Managing Inventory for Manufacturing Bill of Materials Manufacturing Journal Job Work Job Order Processing Job Work Reports Employee Details Payroll Accounting and Salary Processing Payroll Statutory Purchase Invoicing Purchase Order Receipt Note Purchase Return Purchase Bills Pending and Payment Management Sales Invoicing Sales Order Processing Delivery Note Sales Return Price List and Discount Management Receivables Management and Bill Settlement GST VAT Central Sales Tax Service Tax TDS TCS Excise
Views: 21755 Excelskill Corner
SAP Business One Purchasing
 
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SUBSCRIBE TO OUR CHANNEL FOR MORE VIDEOS! SAP Business One Purchasing. SAP Business One 8.82 purchase quotations, purchase orders, goods receipts and accounts payable invoices. A demonstration of SAP Business One purchasing using SAP Business One 8.82. About Leverage Technologies We’ve been a SAP Business One partner since 2005 & Sage ERP X3 partners since 2012, And that’s just the start! We’ve developed a real-world knowledge of dozens of industries, simply because we couldn’t do our job properly without it. Likewise, we have an unparalleled, hands-on understanding of the various functions all growing SMEs need to streamline. CRM, ERP, Business Intelligence (BI), reporting, payroll, warehouse management, cloud or on-premise… To tailor an effective solution for any of these functions, you need to understand it like it’s your day-to-day job. You need to speak the native tongue. We’re a SAP Gold partner (one of only a handful in Australia) and we’ve won several SAP partner awards, including ‘Partner of the Year ANZ 2008’, ‘Sales Excellence 2009’ and ‘Highest Growth Partner Asia Pac 2010’. We’re also certified partners for Sage ERP X3, Sage Line 500, Sage 1000, Sage CRM, Crystal Server, Achieve Warehouse Management, Enprise Job Costing, HR 3payroll / human resources, and multiple SAP Business One and Sage complimentary solutions. More info - https://www.leveragetech.com.au/about... ERP Solutions - https://www.leveragetech.com.au/solut... Industries - https://www.leveragetech.com.au/indus... ERP products - https://www.leveragetech.com.au/produ... SAP Business One - https://www.leveragebusinessone.com.au/ MYOB Advanced - http://www.leveragecloudtech.com.au/ Sage X3 - http://www.leveragex3.com.au/ Contact us - https://www.leveragetech.com.au/contact-us
Multiple Invoice From Purchase Order For Automated Landed Cost Module
 
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This video shows that how multiple invoice works with automated landed cost.
Views: 109 BrowseInfo
Dynamics NAV: Cost Accounting
 
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Visit http://www.trinsoft.com Join John Stucky as he shows how to track unit accounts and automate cost allocations and other costing tasks without impacting your chart of accounts. This is also an ideal solution for activity based costing. He also covers detailed financial reporting and budget tracking for specific costs by different types. John Stucky is the Managing Partner at TrinSoft, LLC. For more information, visit us and subscribe: TrinSoft on YouTube: https://www.youtube.com/user/trinsoft TrinSoft Web: http://www.trinsoft.com TrinSoft Blog: http://trinsoft.com/Blog TrinSoft-IT: http://www.trinsoft-it.com TrinDocs: http://www.trindocs.com _________________________________________________________________ Email us at: [email protected] _________________________________________________________________ TrinSoft Social Media links: LinkedIn: https://www.linkedin.com/company/trinsoft-llc/ Facebook: https://www.facebook.com/trinsoft/ Twitter: https://twitter.com/trinsoft Google+: https://plus.google.com/u/0/112347559781503856773 _________________________________________________________________
Views: 2850 TrinSoft LLC
#1 Budget and Budgetary Control (Introduction) ~ Cost and Management Accounting [For B.Com/CA/CS]
 
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Described need, concept and importance of preparing budgets. Explained fixed budget, flexible budget and master budget followed by a solved illustration of sales budget. Student can also watch following lectures related with Cost Accounting : 1. Machine Hour Rate (Overhead Distribution) https://www.youtube.com/watch?v=MSFlKvvPsig 2. Marginal Costing (Formula Formations) : https://www.youtube.com/watch?v=a5IuuEDaQdw 3. Contract Costing (Introduction) : https://www.youtube.com/watch?v=Dk63lDcbeU0 4. Economic Order Quantity (EOQ) - Material Costing : https://www.youtube.com/watch?v=WbaxWIa-WPI 5. Process Costing - Valuation of Abnormal Loss, Abnormal Effectives and Output : https://www.youtube.com/watch?v=nV4dSTwK84w 6. Break Even Chart (CVP Analysis) in Marginal Costing : https://www.youtube.com/watch?v=EMVs0IL0EfU Students can download relevant study material from the below mentioned link for better understanding of the concepts... Download Notes: https://drive.google.com/drive/folders/0BzfDYffb228JNW9WdVJyQlQ2eHc?usp=sharing #Budget #BudgetaryControl #Costing
Views: 217066 CA. Naresh Aggarwal
Accounting for Beginners #57 / Purchase Supplies on Account / Accounts Payable / Accounting 101
 
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https://www.youtube.com/playlist?list=PLT-zZCow6v8t5_2RQDnAOQHfQiBYDw26z BEST ACCOUNTING PLAYLIST ON YOUTUBE !!!!!!!! Accounting for Beginners #57 / Purchase Supplies on Account / Accounts Payable / Accounting 101. I decided to tackle another viewers question in this video and made a purchase of some supplies on Account. On Account being an increase in Accounts Payable. The easiest way to keeps debits and credits, and Assets = Liabilities + Equity ( Accounting Equation) straight. This is how i passed the CPA Exam to become a licensed CPA in the State of Florida. You can use the information in the video on your first day of Accounting class all the way tho being a CPA. Debits, Credits, Assets, Draw, Expenses, Liabilities, Equity, Revenue. This video has a very basic example and can be used in the most advanced situations. Learn Debits and Credits and the basic accounting equation which is assets = liabilities + equity. This will also help with the income statement which is Revenues - Expenses. I hope you enjoy the video. In this video i go over journal entries. Get your tips here in this accounting for beginners video. There is also information on the balance sheet here in this video. I also go over Accounts Receivable, Accounts Payable, Depreciation, Accumulated Depreciation, Putting Assets on the books, Fifo and Lifo Inventory Valuation, and so much more in this series for beginners. Accounting For Beginners #1 https://www.youtube.com/watch?v=_pTU4gwmcMs Debits and Credits / Assets = Liabilities + Equity Accounting For Beginners #2 https://www.youtube.com/watch?v=0--jJn6zqfg Basics / Accounting Equation Accounting For Beginners #3 https://www.youtube.com/watch?v=YXFEEr3qHIo Journal Entries / Beginner Tips Accounting For Beginners #4 https://www.youtube.com/watch?v=Yy1DtVND7yo Income Statement / Revenue - Expenses Accounting For Beginners #5 https://www.youtube.com/watch?v=fEtBFB_Nq-o The Balance Sheet / Basic Tutorial Accounting For Beginners #6 https://www.youtube.com/watch?v=XyB3mmzQ_jU Putting an Asset on the Balance Sheet Accounting For Beginners #7 https://www.youtube.com/watch?v=H4udCOiU8i8 Depreciating an Asset / Basics Accounting For Beginners #8 https://www.youtube.com/watch?v=xjXgpnUEgFI Depreciation Expense / Basics Accounting For Beginners #9 https://www.youtube.com/watch?v=QFV6PGIMT5M Accounts Receivable / Basics Accounting For Beginners #10 https://www.youtube.com/watch?v=xQ0u_QocSO4 Accounts Payable / Basics Accounting For Beginners #11 https://www.youtube.com/watch?v=tFA9HD3-7SI Fifo and Lifo Inventory / Basics Accounting For Beginners #12 https://www.youtube.com/watch?v=Z-g1Tnf3oi4 1 Journal Entry With 2 Assets / Basics Accounting For Beginners #13 https://www.youtube.com/watch?v=ds2Y0MxzMBA Accounting Study Guide / Template Accounting For Beginners #14 https://www.youtube.com/watch?v=BU9emeoLKX0 Journal Entry with Cash / Expense Accounting For Beginners #15 https://www.youtube.com/watch?v=kwCtASXQRLU Journal Entry With Cash / Revenue Accounting For Beginners #16 https://www.youtube.com/watch?v=1YrcjlHFBZ0 Debits & Credits / Negative Asset Accounting For Beginners #17 https://www.youtube.com/watch?v=amf1hyptG70&t=25s T-Accounts / Debits and Credits / Accounting 101 Accounting For Beginners #18 https://www.youtube.com/watch?v=18zPzkMbS2c What is a Draw? / Withdraw / Distribution / Dividend / Equity Accounting for Beginners #19 https://www.youtube.com/watch?v=r43j010KT58 Don't Abbreviate / Accounting 101 / Basics Accounting For Beginners #20 https://www.youtube.com/watch?v=yXJVISZA8yU Chart of Accounts / Assets, Liabilities, Equity, Revenues, Expenses Accounting For Beginners #21 https://www.youtube.com/watch?v=CK9NgJoqJa4 T Account Example / Accounting Tutorial Accounting For Beginners #22 https://www.youtube.com/watch?v=EC93RsvgK9E&t=25s Trial Balance Unadjusted / Accounting Basics Accounting For Beginners #23 https://www.youtube.com/watch?v=-9-LAnE61lw&t=25s Cash in a Bank Account / Checking Account / Basic Accounting Accounting For Beginners #24 https://www.youtube.com/watch?v=aUjVslkn4HI&t=25s Does The Transaction Increase Assets / Accounting Basics Accounting for Beginners #25 https://www.youtube.com/watch?v=zKreBUTJx5E&t=25s Accounts Receivable Example / Accounting 101 / Accounting Basics Accounting For Beginners #26 https://www.youtube.com/watch?v=66YddsOGau0&t=312s Reducing Accounts Receivable / We got Paid / Accounting basics. #Accounting #Exercise #CPA
Views: 4291 CPA Strength
GST Entries for Manufacturing of goods, Production and Consuming Raw Material in Tally.ERP9
 
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Learn GST Accounting Entries for Manufacturing, Production and Raw Material Consuming in Tally ERP 9 Using Bill of material (BOM) Method.input tax credit adjustment entries.increase tax liabilities.
Views: 181027 TALLY ONLINE CLASS
Purchasing Accounting   E Business and Fusion
 
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Purchasing Accounting E Business and Fusion. It is not working in the fag end. Please educate me. Look at the below video on Supply Chain accounting in Cost Accounting. It is working perfectly. https://youtu.be/ocajApeVpmc Nana WhatsApp : +919841867924 US Land Line : 1-513-239-6283 Skype : apps.nana Best Online Fusion Procurement Training Subscribe to youtube channel Anantha Nana. Click on bell icon adjacent to subscribe button...once...to get alerts upon new uploads Oracle Fusion Applications You Tube How to excel in Supply Chain in Fusion Applications
Seminar Intro: Using QuickBooks' Purchase Order Management System to Control & Reduce Costs
 
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http://buildyournumbers.com/ Expert QuickBooks and Job-Cost Solutions for Construction and Manufacturing Companies with Diane Gilson of Info Plus Accounting, Inc. In this seminar, QuickBooks Job-Cost Expert Diane Gilson shows you how to "Build Your Numbers" by Using QuickBooks' purchase order management system to increase accuracy, control, and speed for small businesses! Do you need to know more about your numbers -- and how to use that information to increase company profitability? For more information about the Construction and Manufacturing Accounting Program (CAMP), a month-to-month subscription-style, self-study, online QuickBooks job-cost training program click here. http://buildyournumbers.com/your-guide-to-the-construction-accounting-management-program-camp/ _______________________________________ **Click to SUBSCRIBE for More Videos: http://www.youtube.com/channel/UC6irQ138GKOwT9rElPpm1iQ _______________________________________ Diane Gilson Trainer, product developer, author, multi-certified accountant and ProAdvisor specializing in QuickBooks and job-cost solutions for construction and manufacturing http://buildyournumbers.com/ Get your Free SOLUTIONS newsletters & 13 COMMON QUICKBOOKS MISTAKES Videos! http://buildyournumbers.com/ Connect on Linked In: http://www.linkedin.com/company/3098084?trk=tyah&trkInfo=tas%3AInfo%20Plus%20Accoun%2Cidx%3A1-1-1 Connect on Facebook: https://www.facebook.com/pages/BuildYourNumberscom-with-Info-Plus-Accounting-Inc/120885674643800 ______________________________________ Using QuickBooks' Purchase Order Management System to Control & Reduce Costs: http://youtu.be/kIFMvIOi-fo
Views: 3942 Diane Gilson