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Posting Inventory
Transactional Posting With this option, the appropriate inventory asset accounts get updated along with each sale or purchase transaction. This maintains the value of inventory in the asset account throughout the month as inventory movement is pr...
Changing Inventory Posting Options
When using transactional posting, the appropriate inventory asset account is updated along with each sale or purchase transaction. This maintains the value of inventory throughout the month as inventory movement is processed. A G/L detail entry is c...
Post Inventory to G/L vs. Merchandise Inventory
Use the following options to determine if the company is posting inventory to the G/L or through merchandise inventory. Navigate to the Grain / Setup / Preferences / Posting tab. If the Do you post inventory to GL monthly? option is selected, ...
Company Owned Value does not Match Asset Account Balance
After posting Inventory to G/L, the Inventory Asset Account was updated to a number that doesn't match the Company Owned Inventory Statement for that Department. If that happens, check the following: Agvance uses the company-owned value of each...
Post Inventory to GL - Accrue Estimated Payables for Purchase Receipt
Costing Method
Transactional or Summarized
Accrue Estimated Payable
Company Owned Calculation
Estimated Average Cost
T
Y
Not reduced by PRs
Estimated Average Cost
S
Y
Not reduced...
