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Dynamics 365 Community / Forums / Microsoft Dynamics AX (Archived) / PO receive - record tr...
Microsoft Dynamics AX (Archived)

PO receive - record transfer of ownership date?

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Posted on by lmai 2,442

Hi All, 

When received a product from a vendor, I go and post a product receipt.  I choose the receipt date.  Where do I record the transfer of ownership date?  Will the transfer of ownership date drive the inventory aging date?  Thanks!

PO-receipt.jpg

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  • Murthy2601@hotmail.com Profile Picture
    Murthy2601@hotmail.com 637 on at

    Procurement & Sourcing > Consignment > Inventory ownership Change - Create Journal and transfer the ownership.

  • lmai Profile Picture
    lmai 2,442 on at

    Thank you for your response, Narasimha.  

    Follow your instruction, it looks like I'm creating an inventory journal.  I don't think I need it; because when I post PO invoice, it would post to inventory.  If I post inventory as you've mentioned, I afraid that it would double my inventory value.  

  • lmai Profile Picture
    lmai 2,442 on at

    Do you have screenshots to share?  Maybe I can see it better.  Thanks so much!

  • Murthy2601@hotmail.com Profile Picture
    Murthy2601@hotmail.com 637 on at

    This will only change the Inventory status and not the quantity. Quantity would remain same with different Inventory status. Right now, the Inventory status of the Item you received would be different. Please check under Manage Inventory Tab of the item Master by clicking on transactions.

  • lmai Profile Picture
    lmai 2,442 on at

    Transfer-ownership.jpg

    This is what I have.  Do I need to click on Add under Report formats?  Please advise.  Thanks

  • Prashant Singh Profile Picture
    Prashant Singh 8,802 on at

    Dear Kim,

    Can you please explain "ownership date".

  • lmai Profile Picture
    lmai 2,442 on at

    Hi Prashant,

    When the vendor's product has shipped to a certain point and they are no longer liable.  

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