Shipping and Receipt Transactions

Material shipments

During a material shipping, the Accounting System automatically generates the following transactions :

- the Inventory account [A3] (defined at the level of the Item Category page) is credited for the standard value of the inventory slack,

- the Goods Receipts Account [A5] is debited for the same amount (if this account is an account which belongs to a cost center, a transaction is generated for the cost center).

Material receipts

During a material receipt, the Accounting System automatically generates the following transactions:

- the Inventory account [A3] (defined at the level of the Item Category page) is debited for the standard value of the inventory slack,

- the Goods Receipts Account [A5] is credited for the same amount (if this account is an account which belongs to a cost center, a transaction is generated for the cost center).

- the Purchasing Variance Account, [A6] is debited or credited for the difference between the real value of the receipt and the standard value (if this account is an account which belongs to a cost center, a transaction is generated for the cost center).