When does a Sale in Item Journal return go to G/L ??

aleix1979

Hi there,

I've done an Item Journal and posted it. I have my Item Ledger Entry line and my Value Entry. I see nothing though in the G/L. When is that movement supposed to be reflected in G/L ???

After all lI've done a Sale. I would expect a Inventory-to-Sale accounting movement.

Also, I can't specify a customer in the Item Journal so the lines go without customer. Can it/is it advisable to fill that source code via programming?

Although long experience in Navision, the accounting part is in part still a mistery to me.

Deep

If the Automatic Cost Posting is turned "ON" over the inventory setup, it is posted to G/L account while posting an item transaction, else you have to run the batch "Post Inventory Cost to G/L" to post to your general ledger.

Same is followed at sales also.

aleix1979

Hi,

I still not see it after running the report. And the option in Inventory Setup is ticked.

I don't know what I'm missing. On the other hand I do see a G/L Entry if I do a Sales Journal. The problem with the Sales Journal is that the Item would still be in the system since you cannot specify an Item.

I would expect the Item Journal to allow you to enter a Customer also.

Therefore, could it be that to obtain the following:

+Sales

---

- Customer
+COGS

---

- Inventory

I have to do both an Item Journal and a Sale Journal? (first line the Sales Journal, second the Item Journal). If so, why do I not see the second line in the G/L?

bstoyano

Hi,

What type of operation did you post through the Item Journal?

Deep

You can see the entry type over the item journal.
Its primary use is for inventory adjustments.

kitik

Isn't it a Sale? Why don't you post an Invoice? Or an order first and an invoice later on?

Salut!