Transactions will now post to the General Ledger in real time. This means there is an immediate journal entry for specific procedures.
You will need to Bill and Book Sales now. If you need to make changes to the order such as adding, editing and deleting, you will be required to un-bill the sales.
Once an order has been Booked, the order is then locked for editing.
In addition, you will be required to print a Picking Ticket and Delivery Ticket. The Picking Ticket places inventory in a Staged Status. The Delivery Ticket takes the inventory on your order and changes it from a Staged Status to a Delivered Status. Journal entries are associated with printing the Delivery Ticket.
Sales representatives will need to be coached that commissions which were once paid when "delivered" will now be paid when closed.
Keep in mind that there will be a transition period when going to ERRM. Records that have been added before the switch will be treated the same way they always have been treated in RFMS. They will not be converted to ERRM processing, they will batch as previous.
Recommended Practices for Switching to ERRM
- Archive existing data
Identify records that are in process for future reconciliations
- Push information to CSV for easy reference
- Open Orders Reports
- Inventory Uncosted, Available and Reserved Reports
- Transaction will post as they did before
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