Stocking Takings

[Former Member]

Hi All,

In the Stock taking window it asks for GL Account.

What is the effect of this? can we take any GL Acccount and pass the entry or do we need to specifically take one account

Pl. help me to resolve

Thanks in advance

Regards

Shanker

[Former Member · Accepted solution]

Hi Shanker,

No. This has to be inventory adjustment account. You can call them Inventory Short/Overage etc.

Please check this thread regarding such account:

Thanks,

Gordon

[former_member583013]

When you are processing the Stock Taking for the first time during Go-live to bring in Initial Inventory, the G/L Account typically is the Opening Balance Account.

On all other occassions it is the Gain/Loss Inventory Variance account (this is an account defined in the Cost of Goods drawer)

Suda