Expenses of Items

shilpa_nandu
shilpa_nandu Member Posts: 162
edited 2006-12-25 in NAV/Navision Classic Client
Dear All,

There is a problem I'm facing.
Here goes..
If my comapny is a whole sale Printing & Stationery dealer and would have used some printing & Stationery items for company's use we have to pass a consumption journal i.e,
Expenses A/c CR
To Items A/c DR

Where in NAV do I pass this entry? If I use Items jurnal I'm unable to pass the expenses A/c....

Need your suggestion here..

Thanks in Advance
Shilpa


Kindly assist on the same.

Thanks!
Warm Regards
Shilpa

Comments

  • ssingla
    ssingla Member Posts: 2,973
    Dear Shilpa,

    The expense account is selected as inventory adjustment account in the inventory adjustment account.
    As and when you post negative, postive, consumption entries this account is debited/credited as per the nature of the transaction.

    There is no standard option of booking inventory item as consumed for internal purpose which could post the debit accout of expense.

    You need to post the general journal entry for transfering the relevant amount from Inventory adjustment account to expense account.
    CA Sandeep Singla
    http://ssdynamics.co.in

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