Page History: Journal Entry Architecture - GL Mapping

Compare Page Revisions

Table of Contents [Hide/Show]

Stock Inventory
Accounting of Stock Item
Production of Stock Item

Stock Inventory¶

Inventory Control Account: is determined by the Control Account listed on the OHF tab of the Item Master.

If that account is blank or invalid, then the Control Account listed on the Warehouse screen will be used.

If that account is blank or invalid, then the Control Account listed on the CID Maintenance screen will be used.

Purchase Order Receipt: A Debit is made to Stock Inventory account and a Credit is made to Accrued AP (P.O. Clearing)

For more information please see the PO Receipt page

AP Invoice: A Debit is made to Accrued AP and a Credit is made to Accounts Payable

For more information please see the Accounts Payable page

AP Check: A Debit is made to Accounts Payable and a Credit is made to a cash account

For more information please see the Print AP Checks page

Purchase Order Receipt: A Debit is made to Stock Inventory account and a Credit is made to Accrued AP (P.O. Clearing)

For more information please see the PO Receipt page

Production Work Order Assigned: A Debit is made to WIP and a Credit is made to Stock Inventory account

For more information please see the WIP - Definition page

Generate Batches