Hello,
This is a one time exercise and we want to handle the inventory liquidation and I am wondering if NAV can support.
I come up this far and would appreciate if you have any different suggestions:
1) Transfer from our main location to a temporary location
2) Zero out inventory and transfer to Inventory Consignment (Balance Sheet Account)
3) Sale Inventory (General Journal)
Debit cash
Debit Loss Account
Credit Inventory on Consignment
Regards,
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