How Can I Resolve Common Issues with Vendor Invoicing and Profit Analysis in Design Manager?
When working with vendor invoices and profit analysis in Design Manager, users may encounter specific issues such as doubled vendor invoice costs or discrepancies in the Profit Analysis report's Actual columns. Below are explanations and solutions for these common issues.
Why Might the Cost on a Vendor Invoice Appear Doubled?
The cost might appear doubled in profit analysis due to the vendor bill for the same purchase order being recorded twice. This duplicate entry can skew reports and lead to incorrect financial assessments. How to Resolve It:
Open the "Bills and Invoices" section in Design Manager.
Review the entries for the purchase order in question.
Highlight the duplicate vendor bill entry and select "Void." - If a payment has already been applied to the duplicate bill, void the payment before voiding the bill itself.
By resolving the duplicate entry, the doubled cost issue in profit analysis will be corrected.
Does a Payable Have to Be Posted for Its Amount to Show in the Profit Analysis Report?
Yes. For the Profit Analysis report’s Actual columns to reflect a payable’s amounts, including freight, the payable must be posted within Design Manager. However, payment is not necessary for the amounts to appear—posting the payable is the only requirement. Steps to Ensure Accurate Reporting:
Verify that all relevant payables are posted.
Check the Profit Analysis report to confirm that the posted amounts have been included.
Proper posting ensures the Profit Analysis report accurately reflects your financial data for analysis.
Best Practices for Vendor Invoices and Profit Analysis
Regularly Monitor Entries: Periodically review vendor invoices and payables to avoid duplicates and posting errors.
Cross-Check Reports: Compare system-generated reports with original records to ensure data integrity.
Address Issues Promptly: Rectify errors, such as duplicate entries, as soon as they are detected to maintain accurate financial records.
By following these resolutions and best practices, users can better manage vendor invoicing and profit analysis within the Design Manager system. For further technical assistance, consult the Design Manager support resources or contact customer support.