Nominal Ledger Transactions from Goods Receipts

When you approve and save a Goods Receipt, a Nominal Ledger Transaction can be generated automatically if you have so determined in the Sub Systems setting in the Nominal Ledger and in the Number Series - Goods Receipts setting. Please refer here for full details of this Transaction.

No Items that are Plain or Service Items will be included in the Nominal Ledger Transaction, unless you are using the Cost Accounting for Plain Items option in the Cost Accounting setting. Although stock quantities for such Items are maintained, stock values are not.

Shown below is an example Nominal Ledger Goods Receipt Transaction:

Once the Transaction has been generated, you can look at it straight away using the 'Open NL Transaction' function on the Operations menu (subject to access rights set in the Access Groups setting in the System module).

As shown in the illustration, any Freight, Customs and Extra Costs specified on flip H will be credited to separate Accounts specified in the Account Usage Stock setting.

If a Goods Receipt contains several Items that use the same Purchase Accruals and/or Stock Account, the resulting Nominal Ledger Transaction can contain separate double-sided postings for each Item, or a single accumulated posting. If you would like to use the first method, check the Separate Transaction rows per Item box in the Cost Accounting setting.