WIP and Finished Goods account

jks

Hi all,

Can any one provide me the steps by following which I can update 'Work In Process' and "Finished Good Inventory" accounts?

With what values 'Work In Process' and "Finished Good Inventory" account will be updated?

what happens when WIP is moved to Finished Goods.?

Please help. [-o<

Alex_Chow

are you talking about the process in Job Management? Or Manufacturing?

For job management, there are 4 processes you need to run in the periodic activities. Not sure about Manufacturing though.

jks

I want to know about both "Job Management" and also "Manufacturing".

What are the 4 processes for job management?

Thanks for any help.

johnson_alonso

jks wrote:

what happens when WIP is moved to Finished Goods.?

in manufacturing, if you have moved WIP to Finished good, you will have created COGM according to actual costing posted through output journal and consumption journal or production journal.


Rgds,
Johnson

jks

still I am not able to understand the Inventory module of Navision.

Can any one please provide me a link to how Inventory Managemnt is done in Navision.?

How and when WIP(2140 No. in Charts of Accounts) and Finished goods(2120 No. in Charts of Accounts) accounts get updated?

When I run "Post Inventory Cost to G/L" batch I am able to see changes in 2120 Finished Goods but not in WIP. Also change in 2120 decreases the balance. Shouldn't it increase the balance?
I am not aware of the Inventory concepts?

Please help. [-o< [-o<

Alex_Chow

Have you try reading up on the Help of Navision?

It explains to you, in detail, everything you need to know regarding these functionalities.