Set Up Consignment Accounts
Use three programs to identify accounts for tracking supplier consignment inventory:
• Domain/Account Control (36.9.24)
• Product Line Maintenance (1.2.1)
• Purchasing Account Maintenance (1.2.5)
Create accounts first in Account Create (25.3.13.1). These accounts must be of GL type Inventory Control. Use Domain/Account Control to set up defaults. Codes entered in Domain/Account Control default to Product Line Maintenance. Product Line Maintenance accounts default to Purchasing Account Maintenance.
Note: One of the Consignment Inventory modules must be activated to access the Consignment Accounts frame.
Domain/Account Control (36.9.24)
PO Consigned Inventory Acct
Enter the GL account, sub-account, and cost center codes used to track consigned inventory that has been received into inventory.
PO Consigned Offset Acct
Enter the GL account, sub-account, and cost center codes used to track deferred payable amounts for consigned receipts.
The PO Consigned Inventory and PO Consigned Offset accounts are updated simultaneously to record consigned activity and do not affect the balance sheet. Other accounts are not updated until inventory is used.
The remaining account fields in this frame are used by the Customer Consignment Inventory module.
Customer Consignment Inventory is described in
QAD Sales User Guide.
Set Up Product Line Accounts
Use Product Line Maintenance (1.2.1) to tailor consignment accounts for items that belong to a particular product line. If you do not define specific product line accounts, the system uses the default GL accounts from Domain/Account Control.
Consignment Accounts in Product Line Maintenance (1.2.1)
Optionally use Purchasing Account Maintenance (1.2.5) to further define GL accounts designated for consignment. By setting up accounts for combinations of product line, site, and supplier type, you can separately track accounts for multiple sites and types of suppliers.
Set Up Purchasing Detail Accounts
Purchasing detail accounts default from Product Line Maintenance. Often, these are used to associate cost centers with different sites and supplier locations.
Consignment Accounts in Purchasing Account Maintenance (1.2.5)
