Page History
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System manager - Company Configuration - inventory
| Item | Description | Category | Purpose |
|---|---|---|---|
| 1 | Service Charge Account | Service Charge | This is the Credit account for service charges charged in the service charge function in AR |
Inventory - commodities- GL Account tab
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| Item | Description | Category | Purpose |
|---|---|---|---|
| 1 | Use this button to add required accounts | ||
| 2 | Inventory adjustment | General | This is used as the offset account for an inventory adjustment using the inventory adjustments screen |
| 3 | Inventory- in -transit | Inventories | This is your system controlled inventory account. This account will be used in logistics when goods are shipped but not yet received - "on the water" |
| 4 | Sales Account | General | This is the sales account used when these items are invoiced |
| 5 | Cost of goods | General | This is the cost of goods sold account used when these items are invoiced |
| 6 | Inventory | Inventories | This is the system controlled inventory account used in all inventory transactions - receipt of goods, Inventory adjustment, Shipment of goods |
| 7 | AP Clearing | AP Clearing | This is the system controlled account used when goods are received and not yet vouchered. |
Inventory - Inventory items
Note same accounts that are assigned at the category level could be assigned at the item level for greater granularity
Overview
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