Comparing Income Statement to Vital Signs by Service Advisor

Comparing Income Statement to Vital Signs by Service Advisor

Postby M1EnterpriseTech » Mon Sep 11, 2017 7:45 am

When comparing the Income Statement to the Vital Signs by Service Advisor reports there will be differences in the numbers.
Please see the reasons for the differences listed below:

1st category: applies to both Sales and Expenses:

1) AR/AP Adjustments using Material Sales and Material Cost for the offsetting account
2) Adjustments to the Return Goods Bin(RGB)
3) Enter a Bill
4) Cash Paid Out
5) WholeGoods- this is included in the vital signs report- you must take the sale of the part minus the cost of the part from the invoice- the difference is posted to the General Ledger- so you cannot get a true number from the account journal/ gl.

2nd Category – Applies to Cost:

1) The wholesale numbers, the cost, and the sales are included in the Vital Signs by Service Advisor report but not included in the Income Statement report under Material Cost and Sales accounts. You could map whole goods to Material Sales and Material Cost account but this is much more complicated.
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