Inventory Control > Setting Up Inventory Control > Integration with General Ledger > Using Inventory Control with General Ledger

Using Inventory Control with General Ledger

The settings on the Integration tab of the I/C G/L Integration screen control when and how the G/L transactions are created as well as whether the transaction details are consolidated. The Transaction tab shows the information to include in the description, reference, and comment fields in the general ledger transactions; you can use the G/L Integration Detail screen to change the type of information to include.

When G/L Transactions are Created

Use one of the following Create G/L Transactions options to specify when to create general ledger transactions:

Important! You can change this selection any time. However, if Manually Using I/C Create G/L Batch Screen is selected, print a copy of the latest G/L Transactions report and create any outstanding transactions (using the I/C Create G/L Batch screen) before changing the selection, to avoid accidentally omitting transactions from your general ledger batches.

How G/L Batches are Created

Use the Create G/L Transactions By setting to specify how to create the batch.

Specify whether to:

To have only one General Ledger batch for all transactions, select Adding to an Existing Batch.

If you choose to post the G/L batches automatically, you should choose the option to create subledger batches during day end processing (on the Costing tab of the I/C Options screen).

Important! Remember to create and post G/L batches for outstanding transactions before locking periods for General Ledger.

Whether Transaction Details are Consolidated

Use the Consolidate G/L Batches setting to specify whether or not to consolidate transaction details for the same general ledger account. For more information, see About Consolidating G/L Batches.

General Ledger Accounts Used with Inventory Control

The summary at the end of each Inventory Control posting journal lists the general ledger accounts that will be debited and credited when you post the Inventory Control batch of general ledger entries in General Ledger.

Inventory Control uses the following general ledger accounts: