Inventory Accounts
Use Inventory Account Maintenance (1.2.13) to assign different GL accounts to combinations of product line, site, and location.
Inventory Account Maintenance (1.2.13) lets you separately track product lines for multiple sites or multiple locations within a site. For example, you may want to track inventory held in a rework location separately from finished goods.
Inventory Account Maintenance
You can assign different GL accounts for combinations of product line, site, and location using Inventory Account Maintenance (1.2.13). This allows tighter monitoring of costs. Often, this is used to associate cost centers with different sites and locations. For default GL accounts, system looks for account/sub-account/cost center for this combination first. If none are found, system takes accounts from Product Line Maintenance.
Some uses for this function could be Material Review Board (MRB) locations, inspection locations, and consignment locations.
Inventory Transactions (Receipts, Issues, Transfers)
Posted to the inventory account.
Work Order Receipt Transactions
Posted to the scrap account whenever a reject quantity is entered.
Inventory Discrepancy Account
Posted when Cycle Count Recounts or Physical Inventory Updates change inventory quantity on hand.
Cost Revalue Account
Posted whenever item GL costs are changed, necessitating a revaluation of inventory. Use:
• Product Structure Cost Roll-Up (13.12.13)
• Routing Cost Roll-Up (14.13.13)
• Current Cost Set Move to GL Set (1.4.22)
• Cost Set Copy to Cost Set (30.3)
Transfer Variance Account
Specify a transfer variance account for combinations of product line and site: these accounts do not apply to locations, they are used to track cost variances for items in this product line when transferred between sites.
When customer consignment inventory is activated an additional frame displays to enter consigned inventory accounts.
