Open Period for OPM Financial

Need to Open the Costing Period for BPL; SPL; PCL and BAIL

1. Open Period for OPM Financial. >> Ctrl+L >>

Press F11>> Ctrl+F11 >> Down Arrow>> Choose BPL_CAL

Run OPM Financial process for DRAFT mode

1. Run 02 Reports for BPL Inventory LCM user (These are scheduled program, so not required for
all time)
a. Run Matches interface import from >> View >> Request
b. After completting previous one need to Run >> Submit Pending Shipments
2. Open OPM Financial Manager:
3. Run Landed Cost adjustment process from Report run Mode (View Request). With bellow
parameters :
Legal Entity: Company Name
Other Fields: All are blank.
4. GMF Recreate Batch / Period Layer Costs
5. Actual Cost process:

Run Actual cost process for the particular month with following parameters.
 6. Cost Update:

Run Cost update for particular month with following parameters

*Do not check the box (Final Update) when you are in draft mode.
7. Run COGS Recognition Process >> Record Order Management Transactions >> BPL Primary
Ledger
8. Run COGS Recognition Process >> Collect Revenue Recognition Information >> BPL Primary
Ledger >> Start Date: Start date of Month >> End date: End date of that Month
9. Run COGS Recognition Process >> Generate COGS recognition Events >> BPL Primary Ledger
 10. OPM Accounting Pre Processor:

Run OPM Accounting Pre Processor with following parameter

** Please follow bellow parameters very strictly.
 11. Create Accounting Draft mode :

Run Create accounting in draft mode for Process Manufacturing Financials only

Use bellow parameters for Draft mode.

** After end of the process get the data from MIS for reconciliation.

Get following data from MIS:

1. SLA Extract Trial Balance – Summary

2. SLA Extract – Details
3. Item wise transactions for the month
4. Item wise closing balance
 5. LCM analysis
6. COGS Breakdown invoice and customer type wise
7. WIP Issue for the month
8. If any other query required.

After getting Data from MIS need to perform bellow activities:

1. FG rate update by WebADI: Need to update FG rates (Average Cost update) after arriving from
manual calculations by WebADI.
I. Need to turn off internet option from internet explorer
II. Open OPM financial and then Beximco FG Cost uploading WebADI
III. Unprotect Sheet from Review Tab
IV. Insert new rows as per upload requirements. Please insert in the middle and use Ctrl +
V. Fill up the form with required data
VI. Upload with checking following parameters – Use Oracle Tab and press Upload.
2. Other rate update by manual adjustment: If other rates are required to be updated by Manual
Cost adjustment (Average Cost Update) Such as (Foil Receipt; Misc. Receipt; Code to Code
Receipt etc.)
Go to OPM Financial Manager>> Choose required ORG >> Go to Actual Costs >> Adjustments
>>Fill up required information
** Please fill item details with cost calendar details and Choose Average Cost Adjustment as
type column and then Choose Component Class as item class.
** Need to fill particular month received quantity and desired cost
3. Rate Check: Check increase and decrease of all rates including RM PM and FG from : Item wise
transaction File
4. LCM Analysis: Check LCM analysis file and need to discard all matched AP line with returned
GRN if Return to Vendor or Return to Supplier transactions found for that particular month.
5. Clear Pending Transactions: Need to clear all pending transactions from OPM Financial Manager
Module. Need to follow following steps:
** If Pending transactions found there, Please download the sheet and send to Inventory Team to clear
them as soon as possible for month closing.

6. Clear Transactions from Open Interfaces: Need to clear all transactions are available in
Transactions Open Interface from Inventory Module. Need to follow following steps:
** If transactions found here please clear them by the help of MIS and Inventory team.

7. Check Balances for Inventory: Need to check inventory sub ledger month end balance from SLA
Extract Trial Balance and SLA Extract Details.
** Need to check the Opening balance, Monthly Moving Balance and Closing balance for inventory A/C.
If any balances are created into any unappropriated A/C – those need to be corrected by doing reverse
inventory transactions from INV users.

8. Check inventory transactions type wise and balance wise

9. Item Master correction: Need to update item master Segment2 by the help of MIS (FOY) and
Planning. After running Create accounting in draft mode view output and check the files of item
list.
Final Close Steps:

1. Run GMF Period Close Process for Process Organizations: With following parameters With Fiscal
Year; Period; and Org.

If got error please open view log file and check with all inventory orgs having this comment” Inventory
Period is closed”
2. Cost update (Final Mode): Run cost update with final update checking and following
parameters.
3. OPM Accounting Pre-processor: Run the process with following parameters.
4. Create Accounting (Final Update): Create accounting for process manufacturing Financials with
following parameters in final mode. After placing all the process month will be ended.
After Final Closing Reconciliation for Month end Reporting:

1. Raw and Packing Material Stock Reconciliation

2. Finished Goods/Sample Stock/ Work in Process Reconciliation
3. IOT stock (1519004)/Material Loan(1538035)/Write off(8411074) in month end

From SLA details file >> Filter by Respective Account code>> Make a new sheet>> Make a PVOT table
with the following details and outlook will be looked like:
 4. Inventory AP Accrual Statement

Go to >> Payable Invoice user >> View Request >> Accrual Reconciliation Load Run >> Put date
parameter from and to date >> Run Report
After completing Run AP and PO Accrual Reconciliation Report >> View output and get the report.
 After making PVOT table the report will be looked into:

5. COGS Breakdown statement

From Query output form MIS data output will be:

After making PVOT table the output will be like:

6. Landed Cost Absorption and PO rate variance statement

An output from MIS with having LCM Analysis file with LCM cost component>> Need to make filter on
Component Name to view total LCM charge component wise >> If you filter with item number and cost
figure at LCM Cost column will be total PO rate variance booked for that month.
 7. Receiving inventory or QC Pending stock
8. LC in transit Report

Manual GL Entry or adjustment for Inventory adjustment:

After reconciliation some manual adjustments should be created in GL module with respective A/C.
Please do not make adjustment in GL of Stock A/C like (Raw Material/Packing Material/WIP/ Finished
Goods etc.)
Cost Management create accounting

1. Create Accounting in Draft Mode: Run Create accounting in draft mode >> View>> Request>>
Create Accounting - Cost Management >> Run with Draft parameters.
2. Create Accounting in Final Mode: Run Create accounting in final mode >> View>> Request>>
Create Accounting - Cost Management >> Run with Final parameters
 3. Close the Discrete Period.

Open Cost Management Responsibility >> Go to Org list and Choose required ORG >> Press Ctrl+L >>
Search with “Cost” >> Choose “Cost Periods” >> Choose month>> Change status >> Choose Closed
(Irreversible) >> View >> Request>> Find >> Wait till the completed >> Choose other org and follow
same process.

** Please wait till one org process until finishing and then start other org.
WebAdi Internet connection disable process: >> Open Internet Explorer >> Tools >Internet Options>LAN
Settings>Select Proxy Server Box>Ok.