Overview
Accounts used for this Project-Item.
Fields
Inventory Account: This Inventory Account is used when inventory is added or subtracted from a location with this Item/Project record. This Inventory Account field is defaulted based on the value set to the 'Account Source' on the Division Master record. If 'Account Source' is set to 'Item', this Inventory Account is sourced from the 'Account, Inventory' on the Inventory Commodity Code assigned to the Item belonging to this Item/Project record. And if the 'Account Source' is set to use 'Project', this Inventory Account is sourced from the 'Account, Inventory' on the Project Master belonging to this Item/Project record.
NOTE When the 'Account, Inventory' in the Inventory Item Accounts is manually overridden by the user, then this 'Inventory Account' is updated to overridden value.
Account, Inventory Scrap: This account is only used if the option for Account Source on the Division Master is set to use Project Accounts; otherwise, the account will come from the Inventory Item Master accounts that default from the Commodity Code assigned to the Item. If the Division is set to use Project Accounts, the account entered here will be used as an override to the equivalent account on the Project Master, and will capture transaction costs for all inventory scrap amounts for this item, in this project.
Account, Non-Nettable Inventory: This account is only used if the option for Account Source on the Division Master is set to use Project Accounts; otherwise, the account will come from the Inventory accounts defaulting from the Commodity Code assigned to the Item. If the Division is set to use Project Accounts, the account entered here will be used as an override to the equivalent account on the Project Master, and will capture transaction costs for all non-nettable inventory amounts for this item, in this project.
NOTE When the 'Account, Non-Nettable Inventory' in the Inventory Item Accounts is manually overridden by the user, then this 'Account, Non-Nettable Inventory' is updated to overridden value.
Inventory Negative Variance Acct: This account is only used if the option for Account Source on the Division Master is set to use Project Accounts; otherwise, the account will come from the Inventory Item Master accounts which default from the Commodity Code assigned to the Item. If the Division is set to use Project Accounts, the account entered here will be used as an override to the equivalent account on the Project Master, and will capture transaction costs for all inventory negative variances amounts for this item, in this project.
Account, Adjustment Clearing: This account is only used if the option for Account Source on the Division Master is set to use Project Accounts; otherwise, the account will come from the Inventory Commodity Code accounts defaulting from the Commodity Code assigned to the Item. If the Division option is set to use Project Accounts, the account entered here will be used as an override to the equivalent account on the Project Master, and will capture transaction costs for all inventory adjustment amounts for this item, in this project.
SEE ALSO
Inventory by Item/Project Avg Cost tab
Inventory Item by Project
