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Dynamics 365 Community / Forums / Microsoft Dynamics NAV (Archived) / General posting setup
Microsoft Dynamics NAV (Archived)

General posting setup

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Posted on by Rajat walia 390

Hi Experts,

I am new in Navision, I want to know about some fields in General Posting Setup. As like COGS Account, Inventory Adjustment Account, Direct Cost applied account, Overhead Cost applied account, Purchase Variance account, COGS Account (Interim), Inventory Accrual Account (Interim).

What type of transaction will stayed in this account?

Thank you in advance.

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  • Suggested answer
    Ahmed Mohamed Rafik Profile Picture
    Ahmed Mohamed Rafik 3,049 User Group Leader on at

    Hi Rajat Walia,

    The type of transaction for these accounts are related to Cost, and they are as follows:

    1- Sales Invoice Transactions (COGS Account)

    2- Purchase Invoice Transactions (Direct Cost Applied Account + Overhead Cost Account)

    3- Item Journal Transactions (Inventory Adjustment Account)

    4- Expected Cost Transaction (Inventory Accrual Account - Interim)

    If you find this information helpful, Click Yes to Verify all the answers to share with other community members.

  • Suggested answer
    RobertasR Profile Picture
    RobertasR 5,004 on at

    Hi Rajat,

    please refer to the online documentation, this might guide you:

    msdn.microsoft.com/.../hh170554(v=nav.90).aspx

    Robertas

  • Rajat walia Profile Picture
    Rajat walia 390 on at

    Hi

    Can you explain about inventory adjustment account ?

    Thank you.

  • Verified answer
    RobertasR Profile Picture
    RobertasR 5,004 on at

    Hi Rajat,

    Inventory Adjustment Account is used to balance the adjustments to the stock. That is, if you do negative adjustment, the credit is posted to the Inventory Account (Balance Sheet) and debit to 'Inventory Adjustment Account' (P&L account).

    Robertas

  • Rajat walia Profile Picture
    Rajat walia 390 on at

    Thankyou,

    I have one more doubt, In Inventory adjustment account there are some entries with description : Direct cost on 22.08.2017? what type of that entries?

  • Suggested answer
    RobertasR Profile Picture
    RobertasR 5,004 on at

    That looks like a purchase type of transaction (might be something else through). I would recommend two things to clarify:

    1. Highlight this transaction and hit 'Navigate' on the ribbon. System will show you entries and documents that are related this particular transaction. It might give you an idea of what document has caused these entries.

    2. Go to the COA, select the GL Account in question and hit 'Where Used' on the ribbon. It will show you where this account is used on the setup. It might be it's used as 'Direct Cost' account as well.

    Robertas

  • Suggested answer
    Ahmed Mohamed Rafik Profile Picture
    Ahmed Mohamed Rafik 3,049 User Group Leader on at

    This type of transaction is related to a purchase invoice.

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