Inventory/Warehousing - has anyone setup Inventory so that items are expensed when received, and subsequent shipments have no GL impact?

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Posted on by Mike McCluskie

Hi,

My organization would like to use Inventory to physically track purchases for internal consumption (PCs, PC peripherals, furniture). They want the purchases to be expensed, rather than added to inventory but they want to be able to use Inventory/Warehousing to track the items and issue them to staff members.

Has anyone setup BC so that purchased inventory are expensed?

Has anyone setup BC so that inventory shipments have no GL transactions?

Thanks in advance,

Mike

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Dallefeld 211 User Group Leader on at

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You can do this through posting setups. It is the one time that you set your inventory posting setup's inventory account to be the desired expense account. Don't change general posting setup, leave purchases and direct cost applied alone.

The issue you will face is with the issuing from inventory. The system will credit the expense account that you debited with the purchase and you will have to be cognizant of your general posting setup for inventory adjustments and the associated adjustment accounts.

It can be done!

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