To round up our case we still have to post material consumption. For a general description of automatic posting of material consumption see Automatically Posting Material Consumption.

Use three document types in order to relieve inventory of material consumption. That is, 310 – Retail sale, 610 – Receiving of finished products and 620 – Relieve inventory for goods. Let us, for sake of transparency, display material consumption report by individual document types.

Settings of document types for relieving inventory of material consumption are included in pre-defined document types that can be found in the Inventory Accounts panel.

To post material consumption you MUST check all document types and period. Usually you post it on a monthly basis and that is why we selected the period from 1st March, 2017 to 31st March, 2017:

310 - Retail sale

610 - Receiving of finished products

620 - Relieve inventory for goods

Journal entry used in posting material consumption: