Microsoft Dynamics GP (Archived)

Inventory Offset Account - What transactions use it

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Posted on by ElmerUXC

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Hello,

I have a customer asking about the inventory offset account found in the item account maintenance window.

She would like to know, outside of inventory adjustments, what other transactions used the inventory offset account. I have found that the process inventory Adjust Cost utility will create a GL journal entry and use the inventory offset account. I am now asking if there are any other automated or process triggered transactions that will do the same.

Thank you for your time.

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RE: Inventory Offset Account - What transactions use it

Thank you, Leslie!!!! I have been looking for this for some time and finally thought to ask. Very much appreciate it.

Warm Regards,

Kim
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L Vail 65,271 on at

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RE: Inventory Offset Account - What transactions use it

Hi,

If you have the Inventory Accounts displayed on screen, select the Help button and then select 'Fields' from the window. This definition is stored in the Fields area of the help screen for the window. See below:

Kind regards,

Leslie
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RE: Inventory Offset Account - What transactions use it

Hello Mahmood. I'd love to know where you obtained the screenshot explaining Inventory Offset? I have looked in the help section of GP but I'm unable to find anything as such. We are in the process of updating all of our inventory GL accounts and would like similar descriptions for the other accounts. It looks like a good resource. Regards,

Kim
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Mahmoud Saadi 32,738 on at

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RE: Inventory Offset Account - What transactions use it

Apart from the documentation clarification; which implies that the inventory offset account included in the Item maintenance will be considered with adjustment (increase or decrease) as well as variance transactions, mentioned below;

Cost adjustment doesn't necessarily considers this account when posted, it tracks the distribution originally posted with the transaction regardless of the inventory offset account configured on the item card accounts.