Cost Accounting Transactions from Goods Receipts
Providing you have followed the steps on
this page (in particular, steps 3 and 5), Nominal Ledger Transactions will be created when Goods Receipts are
approved. No cost model is used: the amounts posted are taken directly from the Goods Receipt record.
The Account credited by such Transactions is determined as follows:
- The Purchase Account from flip E of the Goods Receipt is used. This is not given a default value.
- If the Use Item Groups for Cost Accounts option in the Cost Accounting setting is on, the Purchase Control Account for the Item Group to which the Item belongs will be credited.
- In all other cases, the Purchase Control Account on card 5 of the Account Usage S/L setting in the Sales Ledger will be credited.
The Account debited by such Transactions is determined as follows:
- The Stock Account from flip E of the Goods Receipt is used. This field will only contain a default value if the Goods Receipt was created from a Purchase Order and if the Transfer Account and Object to Goods Receipt option in the Purchase Order Settings setting is on. This option should only be used in exceptional circumstances.
- The Stock Account for the specified Location will be debited.
- If this is blank, or if no Location is specified, and if the Use Item Groups for Cost Accounts option in the Cost Accounting setting is on, the Stock Account for the Item Group to which the Item belongs will be debited.
- If this is blank, the Item does not belong to an Item Group or the Use Item Groups for Cost Accounts option is not in use, the Stock Account on card 5 of the Account Usage S/L setting in the Sales Ledger will be debited.
