Inventory Control creates batches of general ledger transactions in General Ledger either when you run day-end processing, or when you use the Create G/L Batch screen. Inventory Control also displays and validates General Ledger account numbers in 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.
If you use the I/C Create G/L Batch screen to create the General Ledger batch, after running Day End Processing, the G/L Transactions report also shows the general ledger accounts that will be debited and credited.
Note: Inventory Control deletes the G/L Transactions report when you use the Create G/L Batch screen.
You specify whether or not to consolidate transaction details for the same general ledger account into a single detail using the I/C Options screen.
General Ledger Accounts Used with Inventory Control
Inventory Control uses the following general ledger accounts:
- Inventory control
- Payables clearing
- Shipment clearing
- Non-stock clearing
- Adjustment write-off
- Assembly cost credit
- Disassembly expense
- Sales (for use by Order Entry)
- Returns (for use by Order Entry)
- Damaged goods (for use by Order Entry)
- Cost of goods sold
- Cost variance