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ReportHi Experts,
What is the use of adjust cost-item entries? I am new in dynamics Nav, please help.
Thanks
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Hi Experts,
What is the use of adjust cost-item entries? I am new in dynamics Nav, please help.
Thanks
*This post is locked for comments
Hi,
With Expected Cost Posting to G/L ‘enabled’:
When we use the “Post > Receive” action on a Purchase Order, NAV posts entries to the expected/interim accounts in the General Ledger based on the $ amounts that we have entered on the Purchase Order lines.
Later, when the invoice arrives, we use the “Post > Invoice” action on the same Purchase Order, and NAV reverses the expected entries in the G/L, and books the final entries to the appropriate G/L accounts. If the amounts in the Purchase Line have been changed / updated because the vendor has charged more or less than originally anticipated, the final entries posted to the G/L use these amounts.
With Expected Cost Posting to G/L ‘disabled’:
No entries are posted to the expected/interim accounts in the General Ledger when goods are received. NAV only posts entries to the General Ledger when we get the invoice from the vendor and use the “Post > Invoice” action on the Purchase Order.
Note: If we use Expected Cost Posting, we must have the appropriate requisite G/L accounts selected in the Posting Setups in NAV.
Hi,
Thanks a lot for good referral. it really helps.
Now I have one doubt.
What will happen if mark yes on expected cost posting to GL in inventory setup?
Also give a look on this: community.dynamics.com/.../270990
this suggestion is with example.
i think it will clear all your doubts.
Hi Paras,
Thanks for response, then what is the use of inventory cost post to GL?
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