INVENTORY TRANSACTION TYPES

Two character code

o Source Module indicated by first character
o Type indicated by 2nd character
Source modules
o Inventory
o Purchase Order
o Bill of Lading
o Sales Order

INVENTORY ADJUSTMENTS (IA) + Created in IM Transaction Entry

Also created by Packaging Module, with transaction number preceded by UP (usage posting)
Can be either positive or negative quantity
Cost can be edited, defaults to average cost .WATCH THIS!
Most common appropriate use is correcting costs
Affects GL accounts for inventory and Inventory Adjustment (Cost), OR Cost of Goods Sold
Should not be used for Product re-branding across Product Lines
Should not be used for Warehouse transfers

INVENTORY ISSUES (II) +

Created in IM Transaction Entry
Also created by Cardlink Module, to record COGS for Cardlock transactions.
Positive quantity reduces inventory. Can do negative issues.
Cost is predetermined by product / Warehouse, cannot be edited.
Most common appropriate use is relieving inventory for Cardlock transactions, or their reversal.
Affects GL accounts for inventory and Cost of Goods Sold

INVENTORY TRANSFERS (IT) + Created in IM Transaction Entry

Also from BOL distributions ( in 4.40 and above)
Always enter the sending warehouse in the FROM WAREHOUSE FIELD, enter positive quantities.
Cost is predetermined by product cost in the FROM warehouse, cannot be edited.
Most common appropriate use is transferring stock inventory from one owned location to
another.
Affects GL accounts for inventory for each warehouse. No Cost of Goods Sold used.

Connections 2011

July 18 - 22

INVENTORY RECEIPTS (IR) (+)

Prior to 4.40, used only for IM beginning balances
Created in IM Transaction Entry
Also from BOL distributions ( in 4.40 and above)
Enter positive quantities
Watch Units of Measures very carefully
Cost provided by user. Affects Average Cost
Affects GL accounts for inventory for each warehouse. No Cost of Goods Sold used.

IM TRANSACTIONS IP
Created with update of Physical Count Entry
Use this transaction type to write reports
Track product loss by item, warehouse
Verify physical counts have been performed

Legacy BOL Receipts (LR) (+)

Prior to 4.40, BOL receipt created during BOL update.
Cost and quantity provided by BOL. Affects Average Cost
May include freight in.

Legacy BOL Transfers (LT) (+/-)

Prior to 4.40, created during BOL update.

Occurs when product transferred from Header Warehouse (Truck) to Lines Warehouse
(Distributed)
Cost and quantity provided by BOL. Affects Average Cost

PO TRANSACTIONS

PO - Created with update of Receipt of Goods in Purchase Order. Always product in.
PZ Adjusting Entry made by the system when PO is bringing product into a negative count
situation.

SO TRANSACTIONS

SO - Created with update of Sales Order Invoice Data Entry.

SI Created when Invoice updated with kit item. SI is the depletion of the component item.

Connections 2011

July 18 - 22