Use this tab to specify the required inventory information.
To access this tab, choose
.Caution
Changing the account code assignments may result in erroneous inventory transactions. The inventory audit report results may also be affected.
Indicates if and to how many advanced G/L account determination rules a given account is assigned. Click the link arrow to view the respective rules in the Advanced G/L Account Determination Rules window. |
Reflects the final inventory value and is recorded in every inventory transaction in SAP Business One. |
Define the G/L account to use when transactions of goods sold are created. |
This clearing account is used as an offsetting account to the inventory account in goods receipt POs and A/P goods returns. The balance of this G/L account reflects the total amount of open goods receipt POs and goods returns. |
This G/L account is used only in a standard-price inventory system. In certain scenarios, if there are differences between the standard price and the actual price in the purchasing document, these differences are recorded in the variance account. |
Used in purchasing transactions only. For certain scenarios, price differences between the base and target documents are recorded in this account. |
This account is used only if:
In these cases the moving average or FIFO prices are held static, and the differences between these prices and inventory values resulting from the addition of new documents, are posted to this account. Note This account is not relevant for the standard price valuation method. End of the note. Caution From an accounting perspective, we do not recommend using negative inventory. However, to use negative inventory, deselect the Block Negative Inventory field in tab.End of the caution. |
Accounts used as balancing accounts when the inventory value is increased or decreased as a result of creating a goods receipt or a goods issue. |
Define the G/L account to use when a transaction for a goods return is created. |
The G/L account you select here is recorded in the journal entry, along with the same amount that is recorded for the inventory account, when an A/P invoice or a goods receipt PO is created. Note This field appears only when you selected the Use Purchase Accounts Posting System checkbox in .End of the note. |
The G/L account you select here is recorded in the journal entry, along with the same amount that is recorded for the inventory account, when a goods return or an A/P credit memo is created. Note This field appears only when you selected the Use Purchase Accounts Posting System checkbox in .End of the note. |
The G/L account you select here is used in order to offset the purchase or purchase-return account, thus maintaining journal entries created by balanced purchasing documents. Note This field appears only when:
End of the note. |
Define the G/L account to use when transactions of goods purchased are created. Note This field appears only when:
End of the note. |
Used in purchasing transactions only. In certain scenarios, when a target document is created based on a base document whose item price is in a foreign currency, and the target document is connected to a different exchange rate, a difference in local currency occurs. |
An offsetting account to the allocation costs used when closing goods receipt POs or goods returns. In this case, no inventory entry is registered; however, a journal entry is created including this G/L account. |
G/L accounts used for balancing the change in inventory value resulting from the creation of Inventory Revaluation documents. |
This account maintains the value of the items that are included in the work process, that is, the period between the start of production and the completion of the final product. |
This account holds the variance amounts of the items that are part of the production process. |
An offsetting account (contra-account) to a WIP (work in progress) account used within production transactions and used for change of value of a WIP account during the production process. This account is used only when you select the Accounting with Balance Sheet Accounts and Profit & Loss Accounts option of the production order document, on the Per Document tab of the Document Settings window. |
An offsetting account (contra-account) to an inventory account used within production transactions and used for change of value of an inventory account during the production process. This account is used only when you select the Accounting with Balance Sheet Accounts and Profit & Loss Accounts option of the production order document, on the Per Document tab of the Document Settings window. |
Define an offsetting G/L account for clearing journal entries created by A/P invoices and goods receipt POs. This G/L account is used in journal entries whenever the allocation account is also involved. |
If an additional expense influences inventory values, this account is used as an offsetting account for the additional expense value included in the purchasing posting. |
This account replaces the allocation account for the A/P reserve invoices
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Define a G/L account to reflect any variance between the purchase account and the cost of goods purchased account. Note This field appears only when:
End of the note. |
Specify an account for CENVAT taxes posting in the Excise Invoice. When you create new warehouse, these accounts are by default assigned to the Incoming CENVAT Account (WH) and Outgoing CENVAT Account (WH) of Warehouses - Setup window, Accounting Tab ( ). |
Select a G/L account in which a inventory-revaluation journal entry is recorded. This account is the default account when you have not defined one for this purpose at the warehouse, item group, or item/warehouse level. |
Select a G/L account to be the offsetting account when a inventory-revaluation journal entry is created. This account is the default account when you have not defined one for this purpose at the warehouse, item group, or item/warehouse level. |
Select a G/L account in which to record a cost of sale-revaluation journal entry, resulting from running the cost of sales revaluation. |
Select a G/L account to be the offsetting account when a cost of sales-revaluation journal entry is created. This account is the default account when you have not defined one for this purpose at the warehouse, item group, or item/warehouse level. |
Default account used in inventory transactions when selling goods and using Shipped Goods account schema posting. |
Default account used for VAT in Revenue postings. |