Forgive my ignorance.
Please help ME!
Setting on NAV in module Warehouse | Setup | Inventory Setup | No Automatic Cost Posting.
This setting will result in Purchase Posted Invoice (PO Invoice) :
[D] Purchase
[C] AP
And when i run Post Inventory Cost to GL, it will be create 1 jurnal :
[D] Inventory
[C] Direct Cost Applied
My question is : how if i do not want use Purchase and Direct Cost Applied, so there will be only the journal when Purchase Posted Invoice is :
[D] Inventory
[C] AP
Thanx in advance.
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You can lump them into the same account.
On another note, you absolutely need the purchase and the direct cost applied account. This handles the variances that will result on vendor returns.
In addition, it may be hard for you to calculate the COGS on your financial statement depending on how it's laid out.
http://mibuso.com/blogs/alexchow/2009/03/17/how-to-calculate-cogs-on-account-schedules-the-cpa-way/
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Dear Sandeep,
thank you for the reply.
One question from your statement. So do you think basic principle of inventory posting of NAV is compliant to the standard international inventory posting concept?
thank you
http://ssdynamics.co.in