Phys. Inventory Journal and Nonstock items

kanika

hello experts!!
If when running the physical inventory journal shows us the nonstock items what is the difference between these and the normal products?
They should not be in the physical inventory, right?

Sowkarthika

Nonstock items are the items sold by the company but are not carried in inventory.

Kishorm

The physical inventory will not show nonstock items as these do not have any Ledger Entry postings. What may happen is that a nonstock item is converted to a normal item and in this case the "Created from Nonstock" field will be set on the Item card, but it will be a normal Item.

kanika

A nonstock item becomes a normal item as soon as it is put on a line of sale, and they are always created to sell them therefore they will always be created as normal items.

Therefore, as soon as the physical inventory journal is executed, it is displayed.


Nonstock items yes they do movements in accounting (inventory posting group), the ones that do not are inventory value zero, but I'm not talking about that.

I still do not understand what the difference between nonstock items and normal items is.

Kishorm

A nonstock item becomes a normal item as soon as it is put on a line of sale, and they are always created to sell them therefore they will always be created as normal items.

Correct

Therefore, as soon as the physical inventory journal is executed, it is displayed.

No - if a nonstock item has not been converted/created as a normal item then it won't appear on a physical inventory journal. Once a nonstock item has not been converted/created as a normal item then the normal item will appear on a physical inventory journal.

Nonstock items yes they do movements in accounting (inventory posting group), the ones that do not are inventory value zero, but I'm not talking about that.

No - if a nonstock item has not been converted/created as a normal item then it won't have any inventory postings or G/L postings. Once a nonstock item has not been converted/created as a normal item then the normal item will have inventory postings or G/L postings.