In this section we will discuss what is referred to as End of Month Process for Period Costs. This Web setting section controls when the End of Month Process will run at the Global Level for all facilities.
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Automated End of Month Process:
To turn on the Automated End of Period Process Globally the settings are found in the Period Cost Settings sections found under the Admin main menu and Company Info Sub Menu in Web.
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Field | Field Description |
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Automate Monthly Fixed Costs | This Toggle is the “Global” Master switch to turn on the Web Period Cost Automated Process. |
Schedule Time | Sets the Time you want the End of Month Process to Trigger. |
Day (Date) | This Radio Button Allows you to set the End of Month Process to trigger on a certain Date each month. Note: Setting it to 31 will guarantee that it runs on the last day every Month regardless of the number of days in that month. |
Week and Day | This Radio Button Allows you to set the End of Month Process to trigger on a certain Week and Day each month. For Example: we want the End of Month Process to Trigger on the First Monday each Month |
Turning on Automated End of Month Process
With the Automate Monthly Fixed Costs Switch Turned on:
RTA Will Automate the recurring executed time it runs based on:
Time of day the process is to be run
Recurring Day of the month
For Example: Run the 1st of the Month
OR Run the 31st of the month (Which translates to always running on the “last day of the month” even on those months with less then 31 days)
Can set up a certain day within a certain week.
For Example: Run on Monday every 1st week of the month
What Automated End of Month Process Does to the Data
When this process is run it will trigger the following “Events” in the RTA System:
Parts: (Non-Chargeable)
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Non-Chargeable Parts are defined as items that do not directly bill to a work order such as Shop Supplies like bolts, rags, and/or solvents. |
Posts the monthly non-chargeable parts based on the average monthly usage numbers
These also pull directly from Stock Area “A” Only
Reduces the Inventory amounts and creates Parts Adjustment Records for those parts coming out of Inventory
Adds up the cost of the non-chargeable parts to a facility and adds to the facility record behind the scenes for reporting purposes
Parts: (Chargeable)
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Chargeable Parts are defined as items that are directly posted to work orders. |
Moves the Data in the 12 Period Usage fields found in the Parts Usage Information screen and resets Period 1 Field to Zero for a new month. All the Period quantities roll into the next Period.
For example: Period 1 moves to 2, 2 to 3, 3 to 4 etc. Which updates the “Rolling” 12 month usage data
Updates the Year Usage and Average Period Usage fields after the Period Usage adjustment described above as well as it recalculates and updates the Re-Order Min and Re-Order Max Quantities for Part records that do not have the Lock Re-Ordering Point/Quantity switch turned on. This is what RTA uses for the re-order triggering and optimal reorder amounts when Re-Order Requests are generated.
Assets:
The Process triggers the creation of Monthly Fixed cost transactions which include:
Licensing Cost
Refer to the Financial Information Panel in the Asset File for data setup
Insurance Cost
Refer to the Financial Information Panel in the Asset File for data setup
Depreciation Cost
Refer to the Depreciation Panel in the Asset File for data setup
These costs can be setup in the Asset Screen under the Financial Tab. In addition the Depreciation Panel Periods Remaining information will increment down by one period for every End of Month Reset.
Posts the Facility Admin fee to each vehicle. See Information on this in the Overhead Panel in the RTA Web - Facility Settings Tab section.
Important Notes:
With the Automate Monthly Fixed Costs Toggle turned on in Web the system uses a 12 month per year cycle
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