Automatic Transaction Journal

A journal with the code INVT is automatically created and handles all the automatic transactions generated by material transfers.

Such transactions are usually recorded on special accounts, which are not included in the balance sheet or in the P&L statement.

The balance of each account is transferred by the analytical closing into a particular account indicated in the journal.

When the standard cost of goods in inventory changes (see Item Cost Rollup function), the difference of inventory value is posted in the account specified.