Inventory posting setup vs. General posting setup

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Posted on by Community Member

Hi, need help!

When set up items, you need to fill in the" Gen. Product Posting Group". I also set up "Inventory Posting Groups" which was filled in when set up item too.

And there are "General posting setup" and "Inventory Posting setup".

However, when purchased an item through PO, the G/L entry was based on the "General Posting Setup" but not "Inventory Posting Setup".

Could someone point out where is my mistake? I think I must be wrong on some important settings but I could not figure it out!

Thanks for any help!

Grace

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Community Member on at

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RE: Inventory posting setup vs. General posting setup

Thanks for all the replies, very helpful. And I did not set "Automatic Cost posting" as true. Also I reviewed background rules of NAV for item purchase, and understand what is the route now.
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Community Member on at

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RE: Inventory posting setup vs. General posting setup

The financial value of the transaction will post to the inventory accounts based on inventory posting setup, but will post to COGS and revenue accounts based on general posting setup.

For complete information about inventory costing, you can see this document:

mbs.microsoft.com/.../InventoryCostingMSDNAV2013
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mmv 11,469 on at

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RE: Inventory posting setup vs. General posting setup

Hi,

When you make a Purchase (without discount, VAT), it will hit the Purchases Acccount which is from the General Posting Setup and also the Payables Account, which is from the Vendor Posting Groups. So your posting is correct.

And if the "Automatic Cost Posting" is set to true on the "Inventory Setup", the respective "Inventory Account" will also be hit based on the "Inventory Posting Group" and the "Location Code" and also the "Direct Cost Applied Account" and also the "Purchase Variance Account" from "General Posting Setup".