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Received not Invoiced, Production Journal Entries

Hi,

I'm using NAV 2018. We utilize expected costs. From what I have read, received not invoiced inventory includes both purchased inventory and production. I understand the purchased inventory transaction flow. I'm struggling to understand the flow for the production piece. Specifically, the journal entries as it relates to production items that are received not invoiced. Is there a resource which would provide the information I am seeking?

Any help is greatly appreciated!

Renee,

Here are your entries, for Production, when Expected Costing is TRUE:

Hope this helps.

Thanks,

Steve

PRODUCTION

Step	Transaction Description	Entry	Amount	Setup in	Setup Column	Details/Comments
1	Issue components to a Prod.	Dr. WIP	Standard Cost * Qty.	Inventory Posting Group	WIP Account	Per component item's Inventory Posting Group
	Order (Consumption Journal)	Cr. Inventory	Standard Cost * Qty.	Inventory Posting Group	Inventory Account	Per component item's Inventory Posting Group

2	Complete Finished Good	Dr. Inventory Account Interim	Standard Cost * Qty.	Inventory Posting Group	Inventory Account (Interim)	Per manufactured item's Inventory Posting Group
	(put FG item into Inventory using	Cr. WIP	Standard Cost * Qty.	Inventory Posting Group	WIP Account	Per manufactured item's Inventory Posting Group
	Output Journal)

3	Change Status of Production	Dr. WIP	Unit Cost * Qty.	Inventory Posting Group	WIP Account	Per manufactured item's Inventory Posting Group
	Order from Released to Finished	Cr. Direct Cost Applied	Direct Unit Cost * Qty.	General Posting Setup	Direct Cost Applied Account	Per Work or Machine Center's Product Posting Group
		Cr. Overhead Applied	Indirect Cost % and/or	General Posting Setup	Overhead Applied Account	Per Work or Machine Center's Product Posting Group
			Overhead Rate * Qty.
						*Once the status is changed to Finished, no additional
						costs may be posted to the Production Order.
4	Run Adjust Cost - Post Cost	Dr. WIP	Actual Cost * Qty.	Inventory Posting Group	WIP Account	Per manufactured item's Inventory Posting Group
	Periodic Activities	Cr. Inventory Account Interim	Actual Cost * Qty.	Inventory Posting Group	Inventory Account (Interim)	Per manufactured item's Inventory Posting Group
		Dr. Finished Goods	Actual Cost * Qty.	Inventory Posting Group	Inventory Account	Per manufactured item's Inventory Posting Group
		Cr. WIP	Actual Cost * Qty.	Inventory Posting Group	WIP Account	Per manufactured item's Inventory Posting Group
		Dr. Finished Goods	Actual Cost * Qty.	Inventory Posting Group	Inventory Account	Per manufactured item's Inventory Posting Group
		Cr. Material Usage Variance	Actual Cost * Qty.	Inventory Posting Group	Material Variance Account	Per manufactured item's Inventory Posting Group
		Dr. or Cr. Raw Mat. Inventory	Actual Cost * Qty.	Inventory Posting Group	Inventory Account	Per component item's Inventory Posting Group
		Dr. or Cr. WIP	Actual Cost * Qty.	Inventory Posting Group	WIP Account	Per component item's Inventory Posting Group

		Dr. or Cr. Capacity Variance	Actual Cost - Std. Cost	Inventory Posting Group	Capacity Var. Account	Per manufactured item's Inventory Posting Group
		Dr. or Cr. Inventory	Actual Cost - Std. Cost	Inventory Posting Group	Inventory Account	Per manufactured item's Inventory Posting Group
		Dr. or Cr. Capacity Overhead Var.	Actual Cost - Std. Cost	Inventory Posting Group	Capacity Overhead Account	Per manufactured item's Inventory Posting Group
		Dr. or Cr. Inventory	Actual Cost - Std. Cost	Inventory Posting Group	Inventory Account	Per manufactured item's Inventory Posting Group

		Dr. or Cr. Material Overhead Var.	Actual Cost - Std. Cost	Inventory Posting Group	Material Overhead Account	Per manufactured item's Inventory Posting Group
		Dr. or Cr. Inventory	Actual Cost - Std. Cost	Inventory Posting Group	Inventory Account	Per manufactured item's Inventory Posting Group

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