on 06-06-2009 11:01 AM
Kindly guide me on how to issue an item (eg.paint) defined as Inventory,Purchase and Sale, for internal consumption as well. (i.e. NOT issue for production)
thanks,
Avinash Sashee
hi,
Goods Issue
The Goods Issue function enables you to reduce the stock level in situatios that are not the direct result of a marketing document entry.
When an item is sold, the warehouse stock is automatically reduced when the transactions are entered in Sales. For example, if a delivery note is created on the basis of an order for a customer, the warehouse stock is reduced by the specified quantity when the delivery note is added.
However, the sale of an item is not the only transaction that results in a goods issue. For example, if five pieces of an item are found damaged in the warehouse as a result of water damage, they are removed from the warehouse. They cannot be sold because they are now damaged. In this case, you have to post a separate goods issue using the function described here.
Goods Receipt
The Goods Receipt function enables you to increase the stock level in situations that are not a direct result of a marketing document entry.
When an item is purchased, the warehouse stock is automatically increased when the transactions are entered in Purchasing. For example, if a goods receipt PO is entered, the warehouse stock is increased by the specified quantity when the goods receipt PO is added.
However, the purchase of an item is not the only transaction that results in a goods receipt. For example, a goods receipt may be necessary if, after carrying out a physical inventory, you establish that part of the quantity stored has not been taken into consideration. You can enter the overlooked quantity by means of a goods receipt in the system.
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Hai!
If u mean, direct consumption of paint. U can use Goods Issue Document under Inventory Transaction.
>> This will Credit the Stock Acc and Debit an Expense Acc
If u mean, stock transfers from stores to some project whs use Inventory Transfer under Inventory Transaction.
>> This will credit and debit the stock Acc based on G/L accounts By setup.
Regards,
Thanga Raj
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Hi Avinash,
The item is only for consumption then you defined
Inventory and Purchase only its using for internal consumption so
you use goods issue document
Regards
Jambulingam.P
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