Navision provides a way to perform inventory accounting as well as financial accounting as per below mentioned debit & credit accounts:
When raw material is purchased:
Financial Accounting:
Dr Purchase-Raw materials
Cr Vendor
Inventory Accounting:
Dr Raw Materials
Cr Direct Cost Applied
When raw material moves to WIP
Dr WIP
Cr Raw materials
Navision provides a way to perform inventory accounting as well as financial accounting as per below mentioned debit & credit accounts:
When raw material is purchased: Financial Accounting: Dr Purchase-Raw materials Cr Vendor Inventory Accounting: Dr Raw Materials Cr Direct Cost Applied
When raw material moves to WIP Dr WIP Cr Raw materials
When output journal is posted:
Dr FG Cr WIP
When FG is shipped
Dr COGS Cr FG
IN inventory setup as per below:
Automatic cost posting should be ticked