How does the Inventory Control application affect Invoice Matching?
Before you use the Invoice Matching application and if your company is using all the Lawson Procurement applications, become familiar with the Inventory Control features in the table below. These features affect the Invoice Matching application. For more detailed information, see the Inventory Control User Guide.
| Feature | Definition | Effect on Invoice Matching |
|---|---|---|
| Corporate Item Group | A group of items used by one or more companies. | You must define an item group. |
| IC Company | The Inventory Control company defines the rules for inventory processing operations. | You must define the Inventory Control company, the available-to-allocate inventory calculation, and the allocation method. |
| Inventory Location |
A physical place where you store inventory, such as a region, city, building, floor, or accounting unit. In the Purchase Order and Inventory Control applications, inventory locations are referred to as Ship To locations. |
You must define inventory locations and addresses for use in the Invoice Matching, Inventory Control, Purchase Order, and Warehouse applications. You must define the steps required in the shipping process for use in the Warehouse application. Each receiving location must be defined as an inventory location in order to correctly form the match pools. |
| General Ledger Category | A subset or subcategory of the General Ledger chart of accounts. It identifies accounts (such as an inventory account or offset account) that receive information about inventory transactions. | You must assign General Ledger categories for posting transactions to inventory locations. |
| Item Master | A list of item numbers and related information for non-stock and inventoried items. | You must define an Item Master. |
| Item Location | A list of items that are stocked at a specific location. The item location tracks item costs and quantities. | You must define at least one item location record for each inventory item. |
Planning Inventory Control Setup for Invoice Matching
