Receipt of Consumable Items
The account used for the expense amount is the Consumable Account found on the Other tab of the Distribution Accounts form.
When receiving a consumable item, the distribution account is selected using the combination of the item's product code and the target warehouse.
For material tracking purposes, an actual receipt followed immediately by a miscellaneous issue is performed. The Consumable Reason Code on the Inventory Parameter form is used. A material transaction record designates the reduction of inventory.
These journal entries are made:
Description | Debit | Credit |
---|---|---|
Initial Receipt | Inventory Account of Target Warehouse Location | |
Inventory Account of Source Warehouse Location | ||
Miscellaneous Receipt | Consumable Expense Account from Target Warehouse | |
Inventory Account of Target Warehouse Location |