Page History: GL Accounts for Inventory
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Page Revision: Wed, 16 Sep 2020 11:23
General Information
Default Menu Location Maintain >> System >> Rule Maintenance
Function The GL Accounts for Inventory rule controls is a companion rule with the
Inventory vs. GL Dump Accounts (INVDUMP) rule. Both rules together control which general ledger accounts are included in the overnight inventory reporting and reconciliation features, commonly referred to as the Nite Inventory process. This rule controls which GL accounts have their data sent to the nightly historical tables.
Each GL account set up in this rule will be processed nightly, and will have account balances and transaction details stored in the data tables used for the Nite Inventory and Nite Usage reports. The Nite Inventory process is designed to record historical data overnight each and every night to improve historical research and reconciliation activities when inventory, accounts receivable, or accounts payable GL balances get out of balance with the transaction data.
The
Inventory vs. GL Dump Accounts (INVDUMP) rule must also be set up with the same GL accounts as this rule in order for the Nite Inventory processes to work properly.
Rule Setup – Text Fields
GL Account (text1): Enter the general ledger (GL) accounts that should be processed as part of the Nite Inventory reporting. The GL accounts entered in this rule should match the GL accounts entered in the INVDUMP rule. The INVDUMP rule contains additional settings for how the GL comparison data is processed. This rule controls only controls which GL accounts are processed in the Nite Inventory data.
Rule Setup – Number Fields
No Number Fields In UseRule Setup – Logic Fields
No Logic Fields In Use
