Program Level: Beginner

The purpose of this session is to gain understanding of how the Kinetic Manufacturing and Cash cycle transactions interact with the General Ledger (GL).

This session will allow you to understand the transactional hierarchy used by the Kinetic application. You will learn how the GL Control codes get applied and understand where and when inventory, labor, burden, Work in Process, manufacturing variances, accounts receivable, and accounts payable transactions post to the General Ledger.

Cost: There is an additional $375 fee to attend this session.

Objectives:

• Understand the relationship between GL Transaction Types, GL Control Types, and GL Control Codes and how they are used.
• Perform GL Control Code setup to leverage the transaction hierarchy capabilities of the application.
• Understanding of what Epicor defines as Product Groups and Part Classes.  Where they are used, how they transact to GL, and how changes can have a financial impact.
• Gain an understanding of how the Costs flow to the General Ledger for Work in Process, Manufacturing Variances, Job Completion, and Job Closings.
• Perform inventory and labor transactions to analyze the impact of the GL Control Code setup.
• Understanding of the difference in the flow for AP Invoices when using Purchase to stock vs Purchase Direct.
• Complete a Cash Cycle and review related GL transactions.
  (AR Invoice, cash receipt, AP Invoice, supplier payment)
• Identify core reports and trackers used to maintain the GL integrity.

Audience:

• CFO/Controller
• Cost Accountant
• AP Clerk
• AR Clerk

Prerequisites:

• Introduction to Kinetic Course
• System Flow
• General Ledger
• Knowledge Camp Course