About Changing an Item Category or Account Set
Changing the item category or account set
assigned to an item is not recommended if the item has posted transactions.
If you change the item category:
- The default choices for
the new item category will replace existing choices in the item,
although you can edit the item to change the new selections.
- You may need to correct
statistics for the affected item categories.
- The new category may not
distribute COGS (cost of goods sold) and cost variance to the same general
ledger accounts as the old category, invalidating statistical comparisons
among reporting periods.
If you change the item's account set:
- You may need to transfer
the asset amount in the inventory control account balances to a new control
account in the General Ledger after updating the item with the
new account set code; otherwise, you may have old balances that are never
reconciled.
- The new account set may
use a different costing method, and all subsequent transactions posted
for the item number will be posted to the set of general ledger accounts
linked to the new account set code.
- Inventory Control will
display an error message if you attempt to change account sets for an
item if there are posted transactions for the item for which Day End
Processing has not been run.