Small and medium business | Business Central, N...

Item Charges is goes into the related inventory account

(0) Share

Report

Posted on by muhammad adeel

Hi,

In Business central we have to give item charge product posting group to define where the charge entry goes into G/L. Instead of the inventory account on which the item charge is actually assign.

For example i have to two item 'A' & 'B'. Item 'A' associate with 'Resale Inventory' and item 'B' associate with 'raw material' account. when i charge the item with freight (20$) its goes to the product posting group mention in the setup instead of above two account of G/L like 'Resale Inventory' and 'Raw Material'. what happens its item cost value is increase but the amount in related G/L account not increase. Please guide if there is away the item charge is assign to related item G/L account.

All responses (2)

Answers (0)

Suggested answer

muhammad adeel 10 on at

Like (0)

Report

RE: Item Charges is goes into the related inventory account

Thanks! After run adjust cost-item Entries the value inventory goes to inventory account (i.e inventory account is debited). but the expense account is remain the same as its should be credit as it become the part of the inventory.

i.e credit => expense account

Debit => inventory account
Suggested answer

Dallefeld 175 User Group Leader on at

Like (0)

Report

RE: Item Charges is goes into the related inventory account

Do you have Automatic Cost Posting turned on in Inventory Setup? Even if you do, please run Adjust Cost-Item Entries and see if that reclasses the value into inventory GL Account. The purpose of item charges to is to update your inventory cost and associated GL value.