Skip to main content

Notifications

Announcements

Check out the New Agent Creator Community
News and Announcements icon
Community site session details

Community site session details

Session Id :
Dynamics 365 Community / Forums / Microsoft Dynamics GP (Archived) / Cogs and Inventory -De...
Microsoft Dynamics GP (Archived)

Cogs and Inventory -Default Accounts

(0) ShareShare
ReportReport
Posted on by Praveen Kumar RR 1,552

Dear Experts,

I am trying to create a SOP transaction and when tried to print Edit Posting Journal, i can see distribution error.

And I understand the need for setting up Default Posting Account for Inventory and COGS at the Item Master level.

I checked the different GP Instance where these Distributions were not required and able to post without an error.

Kindly provide clarity on where i am missing and what should be the workaround to fix this.


Thanks,

Praveen

*This post is locked for comments

  • Praveen Kumar RR Profile Picture
    Praveen Kumar RR 1,552 on at
    RE: Cogs and Inventory -Default Accounts

    Babu, just a brain-storming point, i validated the Default Account Setup in at-least one of 3 levels,

    Posting Accounts,

    Item Level,

    Customer Level

    because, i tried for Edit Posting Journal with and without Account Setup.

  • Suggested answer
    babubaskaran@outlook.com Profile Picture
    babubaskaran@outloo... 10 on at
    RE: Cogs and Inventory -Default Accounts

    Praveen as Bill mentioned the account will default from item first, then customer and then it will look for default posting accounts.  So if you are asking about default posting accounts it is not mandatory.

  • Verified answer
    Praveen Kumar RR Profile Picture
    Praveen Kumar RR 1,552 on at
    RE: Cogs and Inventory -Default Accounts

    When i get this error, i tried for setting up default Posting Account for Inventory Series since i am using Item option in SOP Setup window.

    This works fine by providing Default Accounts for Inventory and COGS.

    I was seeking for a clarity that the setting up of default accounts is mandatory or not.

    Thanks for help !!

  • Suggested answer
    Bill Campbell Profile Picture
    Bill Campbell 12 on at
    RE: Cogs and Inventory -Default Accounts

    I have encounterd issues like this and here is my understanding.

    1. If the item does not have posting accounts, then the transaction looks at the customer or vendor for posting

    2. if the Customer / Vendor does not have assistance to complete the posting accounts, then the system looks at the Posting Accounts Defaults.

    If there are no DEFAULTS then the system generates an error.

    So, look at the item first.  That is where you should have the specific posting accounts created.  This can be applied at the ITEM CLASS level to make the correction faster.

    Hope this helps.

  • Bill Campbell Profile Picture
    Bill Campbell 12 on at
    RE: Cogs and Inventory -Default Accounts

    When you want to enter picture, you have to 'save' and use the insert media option to retrieve from your computer folder.  You can not 'paste' directly to the screen.

    If I am wrong on this, please correct.

    Hope this helps you to get the error messages posted.

  • Praveen Kumar RR Profile Picture
    Praveen Kumar RR 1,552 on at
    RE: Cogs and Inventory -Default Accounts

    using rich formatting option, i pasted the snapshots but not sure why it is not visible under my response post

  • Praveen Kumar RR Profile Picture
    Praveen Kumar RR 1,552 on at
    RE: Cogs and Inventory -Default Accounts

    Hi Babu,

    Please check below snapshots taken from Sales Edit Posting Journal.

    A. TO RECREATE ISSUE:

    I just removed 2 default accounts from Posting Accounts Setup window for the series Inventory

    1. Inventory Control

    2. COGS

    B. TO FIX THE ISSUE:

    Issue got fixed by exactly setting up the Inventory and COGS accounts in Posting Accounts window,

  • babubaskaran@outlook.com Profile Picture
    babubaskaran@outloo... 10 on at
    RE: Cogs and Inventory -Default Accounts

    Praveen can you please share the screen shot of the error.

Under review

Thank you for your reply! To ensure a great experience for everyone, your content is awaiting approval by our Community Managers. Please check back later.

Helpful resources

News and Announcements

Check out the New Agent Creator Community

Quick Links

Jainam Kothari – Community Spotlight

We are honored to recognize Jainam Kothari as our June 2025 Community…

Congratulations to the May Top 10 Community Leaders!

These are the community rock stars!

Announcing the Engage with the Community forum!

This forum is your space to connect, share, and grow!

Leaderboard > 🔒一 Microsoft Dynamics GP (Archived)

#1
Almas Mahfooz Profile Picture

Almas Mahfooz 3 User Group Leader

Last month Overall leaderboard

Featured topics

Product updates

Dynamics 365 release plans