Inventory Excess

Inventory Excess

1A0 - Inventory Excess

This document type is used to receive any physical inventory that exceeds book inventory (determined at inventory count). It is a form of internal receipt.

Examples: Inventory Count and Inventory Count Task Bar.

Internal receiving in the form of inventory excess can be posted as reversal of expenses from materials consumption and at the same time as reversal of posted decreases in stock.

In such cases, the DR/CR parameter must be set to Debit, which posts reversals on the same account and side as set here (example: Inventory Excess - Reversal of Expenses).

Specifying inventory accounts for materials consumption:

• select Debit as posting side (DR/CR) and set two accounts:
• Inventory account as debit account for expenses - the post will be on debit side of an account, but in a negative amount and
• Contra Acct. Mat. Cons. DR for the increase of a stock of goods (materials) - the post will be on the debit side of an account.

VAT Accounts

VAT accounts are not required.

Be careful with setting on the tab Financials. Software can not post Inventory excess by accounts set on subject. We wil need separate Document Types for postings on various stock accounts.

We Should mark switch Do Not Use the Matrix from Posting Materials Consumption in the Subjects Register to get proper postings of inventory excess.