Configuring Basic Inventory

Specifying Basic Inventory Preferences

1. Open the Inventory Preferences (IN101000) form.
2. In the Numbering Settings section of the General tab, make sure that the needed numbering sequence for each transaction type is selected.
3. In the AR Clearing Account box of the Account Settings section, select the general ledger account to be used as the AR clearing account for inventory issues (of the Invoice, Debit Memo, and Credit Memo types) that are not yet associated with any customer.
4. If needed, in the Posting Settings section, specify the following:
   1. Select the Update GL check box to automatically generate the general ledger transactions when users release inventory entries.
   2. Select the Post Summary on Updating GL check box to post the batches with summary data (totalled for each account and subaccount pair) to the general ledger.
   3. Select the Automatically Post on Release check box to release and immediately post the batch of journal transactions generated when users release inventory documents.
5. In the Default Reason Codes section of the General tab, specify the system to use the default reason codes for receipts, issues, adjustments, and physical inventory documents.
6. On the form toolbar, click Save to save your changes.