Maximo Open Forum

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  • 1.  Item Receipt Acconting

    Posted 04-21-2023 12:41

    My client has a scenario where one type of items are charged to inventory account (storeroom control account) when they are received from vendors. However, other types of items are not charged to storeroom account but rather charged to an expense account (as if it was used already) when received in to storeroom. Eventually, this other type of item (being charged to expense account) would be used against work order but they are ignoring those charges at that time (not sending to finance accounting system) as it was already charged to the expense account ( to avoid double charge). 

    I have not encounted this before and not sure the best way to handle this in Maximo. Any thoughts?  What is the best way to set this up in Maximo?


    #EverythingMaximo
    #Inventory

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    Maximo EAM
    Freelancer
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  • 2.  RE: Item Receipt Acconting

    Posted 04-25-2023 12:27

    Other types of items are not charged to storeroom account but rather charged to an expense account  - Where does this account reside in Maximo - it is a GL Field on Work Order or at some other application/place. Can you clarify?



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    Prashant Sharma
    Sedin Technologies
    Connect with me @ https://www.linkedin.com/in/psharmamaximo/

    #IBM Champion 2022
    #IBM Champion 2023
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  • 3.  RE: Item Receipt Acconting

    Posted 04-25-2023 22:26

    Thanks for your response!
    We are in the process of figuring out where that account should reside in Maximo as we are in the process of implementing Maximo.  It looks like the account behaves like a Work order GL account where the typically the items gets expensed upon issue. But, while receiving this type of items, no specific work order known but only specific expense account known (may be for that location!). So, I am a bit confused as to how to handle this. The item is received in the inventory but expense as if it was a "direct issue" to a location or work order. In their current system, they receive the item against that expense account and then when the same item is issued to a work order (when actually it gets expensed), they ignore that issue transaction financially (don't send it to the financial system).



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    Maximo EAM
    Freelancer
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