Accounts Sets in MISys Manufacturing Software.

There may be times when you want some MISys Items and/or Jobs transacting through a different set of accounts than the defaults you have set up in the MISys Company Option – Control Account Settings.

If that’s the case, then Accounts Sets in MISys is your solution.

Let’s assume we are a company that gives away a lot of promotional items. To remove the promotional inventory from MISys when you give it away, the easiest way to do this would be a “Dispense – Inventory” or a “Scrap – Inventory” Transaction. However, we want the cost of these items to be expensed as a “Marketing Expense”.

Traditionally, the “Dispense-Inventory” transaction will transact as follows:

Dr. Dispense Expense Account (As per the control account settings)

Cr. Inventory

To adjust this, an Accounts Set can be created where scrap adjustment or dispense accounts are now coded to a new account called “Marketing Expense”.

Following that, a Job can be created that specifically references this new account set in the “GL Interface” selection

What this means is that any time this Job is referenced on a Dispense transaction, it will use the corresponding “Marketing Account Set” to determine which accounts to code the transaction through.

For Example:

MISys will transact this as:

Dr. Marketing Expense

            Cr. Inventory

For questions about, or assistance with Account Sets in MISys, please contact your CNS Consultant.

Dean.