Inventory Adjustment Account and job usage

ahaag

I have a question regarding the use of the "Inventory Adjm. Account" combined with the use of material for projects/jobs.

When we use some material for a project/job next GL-postings are done:
Inventory Adjustment Account <Debet amount>
Inventory Account <Credit amount>
+
Job Inventory Account <Debet amount>
Inventory Adjustment Account <Credit amount>
Both bookings are done in the same batch. And it seems that the Inventory Adjustment Account is used as an interim account.


My questions are:
1) Is this a standard posting? Or would this posting be the use of an addon?
2) If this is a standard posting to GL, would it be possible to discard the use of the interim account 'Inventory Adjustment Account'?
Preferably I would like to see next GL-posting:
Job Inventory Account <Debet amount>
Inventory Account <Credit amount>

Does anyone know an answer to one of these questions?

chengalasettyvsrao

what system is doing correct .

There is a difference between Interim Account and Inventory Adj Account.

Inventory Adj Account :

When do the transactions with items with out customer , vendor then Inventory adjustment account will effect .

For exampple : Item Journal - > Positive and Negative


Interim Account : when u recive the material from vendor then system post the cost to Interim accounts , when u create the invoice then system will reverse interim accounts and post the vlaues to Inventory account.

tthyagu

Inventory adjustment account goes to the P&L account. It affects income. Suppose the inventory is 100 $ and 80$ is debited to the Job account, then the balance should go to your expense account. For this concept, Inventory adjuctment account is used.

Regards