Specifies the number of the G/L account that item transactions with this combination of location and inventory posting group are posted to when the inventory value is reconciled with the general ledger.
Additional Information
You use the Adjust Cost - Item Entries and Post Inventory Cost to G/L batch jobs to calculate and post inventory transactions to the general ledger. After running the batch jobs, the balance in the inventory account equals the actual value of items in inventory.
If you want the inventory account to be updated every time you post an item transaction, select the Automatic Cost Posting field in the Inventory Setup window.
 Tip |
|---|
For more information about how to work with fields and columns, see Work with Data. For more information about how to find specific pages, see Search. |
TRIMIT Add-on:
If you have set the Use Standard Cost Globally parameter to a value different from No, you have chosen to use TRIMIT Standard Cost and you can neither use the setup field Automatic Cost Posting nor the batch jobs Adjust Cost - Item Entries and Post Inventory Cost to G/L. The other options are:
|
Use Standard Cost Globally |
Function |
|
Yes without G/L Posting |
If you have set the Use Standard Cost Globally parameter to Yes without G/L Posting, all General Ledger Entries must be posted manually to this G/L Account. You can use the Inventory Value at Standard Unit Cost report to calculate the stock value and create Gen. Journal Lines for manual posting. |
|
Yes with G/L Posting |
If you have set the Use Standard Cost Globally parameter to Yes with G/L Posting, the program will update the Inventory Account every time you post a transaction related to Items. All Item transactions will be posted to the Inventory Account at standard Unit Cost. |