Member Community News - Issue 3 September 2016
Tencia Bill of Materials Production Order Reversal
The Tencia Bill of Materials has always provided a production reversal function where finished goods can be reversed, essentially disassembly a finished good stock item to return the components to stock. A reversal could record, damaged stock, unrequired stock or when components are required for other more important production orders.
Recently the Bill of Materials production reversal has been enhanced and extended to include the reversal of an actual production order. When selecting an actual production order the reversal will be generated from the actual quantities and costs of the selected production order, in addition any serial/batch/roll number or bin allocations will also be reversed.
Tencia General Ledger Prevent Prior Period Transactions
To offer a greater level of security and control in relation to the entry of prior period transaction dates the system parameter within the General System Settings, Allow Prior Period Transaction Dates includes a new option, No Including General Ledger. Selecting this option will prevent the entry of prior period transactions within the general ledger journal entry program.
Tencia Contact Management
As a result of market feedback received directly from Tencia sites, contact relationships were extended to include links to employees. In addition the employee inquiry was enhanced to display an Activities Tab, listing all activities entered against the employee code.
ATO Update - New Tax Tables
On the 16th September 2016 the ATO updated the 2017 tax tables for the 2016-17 income year. In the May Budget the government announced changes to individual tax rates for the 2016-17 income year. Legislation dealing with those announced rates was introduced to Parliament on 31st August 2016. As a result a number of tax tables have been updated to apply from 1st October 2016.
Updated tax tables do not include any catch-up component for the portion of the year which had already passed. To view the tax tables please click this link
To view a print version click here