Businesses that use Sage 300 ERP for managing their inventory and sales orders face a question of how and when to process the costing aspects of their inventory transactions. In Sage 300 ERP, inventory quantities (on-hand, on P/O, on S/O, and committed) are updated as soon as a transaction is posted, however, costing has typically been aggregated into a once-a-day batch process. The application has always had a user interface called DAY END PROCESSING residing within the Inventory Control Periodic Processing collection that is used to perform a large number of processing functions. Those functions include:
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Sage ERP Accpac Day End Processing is a simple form in IC Periodic Processing. It only has Process and Cancel buttons, and you are expected to run it after the close of business every day. But what does it do? The online help states:
EFT Processing allows you to process both AR Receipts and AP Payments via Electronic Funds Transfer with your bank, thereby reducing your payment processing costs, eliminating errors, and saving you time.
**New ACH standards for cross border payments required by September 18, 2009 are supported.
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