Nominal Ledger Transactions from Stock Depreciation transactions

An example Nominal Ledger Transaction created from the above Stock Depreciation record is shown below. This Transaction will be generated automatically when you approve and save a Stock Depreciation record if you have so determined in the Sub Systems setting in the Nominal Ledger and in the Number Series - Stock Depreciations setting.

The Debit Account(s) in the Nominal Transaction will be the Account specified in the Cost Account field in the header of the Stock Depreciation record. By default, this is the Stock Loss Account from the Account Usage Stock setting. If you have entered a Cost Account in a particular row, that will be used instead of the Account entered for the Stock Depreciation overall.

The Credit Account(s) in the Nominal Transaction will be determined as follows:

  1. The Credit Account will be the Stock Account of the Location.

  2. If this is blank, or you have not specified a Location, and if you are using the Use Item Groups for Cost Accounts option in the Cost Accounting setting, the Stoc