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PLease explain Difference Between Item Adjustment Journal and Item Movement Journal
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Hi,
PLease explain Difference Between Item Adjustment Journal and Item Movement Journal
Hello Sriram GS,
Do you need any other information for this question or can we get the answers verified and this thread completed?
Best regards,
Ludwig
Hi Sriram,
In addition to the comments above:
As the movement journal has the option for specifying an offset account, you can use it to create journals for e.g. internal consumption, marketing consumption and more.
Hello Sriram,
The item adjustment journal will post to the inventory profit/loss accounts, whereas you can specify an offset account for the movement journal.
Regards
Dolores
Hi Sriram GS,
The key difference it that the adjustment journal does not allow you specifying an offset account whereas the movement journal does.
Movement journals are thus often used for data migration purposes as they make reconciliation easier.
Best regards,
Ludwig
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