Why:
Parts stock adjustments and price updates can optionally be posted to the accounting interface file.
General Ledger Stock Adjustment codes are used for the analysis of parts price updates and stock adjustment transactions including goods receiving, interbranch transfers, stock adjustments and buy-back. Goods receiving freight costs, extra costs and environment costs can also be accounted for. Price update transactions may only be posted to the interface if the system is set up for replacement cost processing and NOT for average costing.
Before general ledger accounts can be set up for these adjustment types, a code must be added for each of them in the Parts Stock Adjustment Types.
Where:
From the Control Master File view, select General Ledger Stock Adjustments. This will open the General Ledger Stock Adjustments window.
How to Setup the General Ledger Stock Adjustments Table:
In the General Ledger Stock Adjustments window new codes can be created and existing codes opened, viewed, amended as well as deleted.
Analysis codes are set up by branch in the format BB 0. BB is the transaction type code, and 0 is the Product Code of the part.
The Product Codes for freight cost, extra cost and environmental cost in goods receiving transactions are obtained from a parameter.
Each record is set up with a credit account number and debit account number from the general ledger which will be used to make a double-entry posting for the stock adjustment value on the general ledge interface. The parts stock account is entered as the Debit Account, except for Buy Back and Inter Branch Transfers Out, when it is entered as the Credit Account.
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