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80305A_08

80305A_08

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Published by Eric Caldwell

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Published by: Eric Caldwell on Jun 21, 2012
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08/29/2013

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Chapter 8: Inventory Journals
8-1
CHAPTER 8: INVENTORY JOURNALS
Objectives
The objectives are:
 
Create journal names for inventory journals.
 
Set up dimension groups and inventory dimensions for journals.
 
Set up posting for inventory journals.
 
Create and process inventory adjustment and movement inventory journals.
 
Create and process a transfer journal.
 
Create and process a bill of material (BOM) journal.
 
Explain counting journals.
 
Set up warehouse items and counting groups.
 
Create and process a counting journal.
 
Create and process a tag counting journal.
 
Block an inventoried item.
Introduction
Inventory journals are used for posting physical inventory transactions including posting issues and receipts, inventory movements, creating bills of material, andreconciliation of physical inventory. This chapter explains inventory journals byreviewing the initial setup in addition to each journal.
 
Supply Chain Foundation in Microsoft Dynamics
®
AX 2012
8-2
Inventory Journals Setup
When a new inventory journal is created, the
Name
field is required. The journalnames that are selected in this field are created in the
Journal names
form.
Procedure: Create a Journal Name
To set up journal names which are then used to create journals, follow thesesteps:1.
 
Open
Inventory and warehouse management
>
Setup
>
Journals
 >
Journal names, Inventory
.
FIGURE 8.1 JOURNAL NAMES INVENTORY
2.
 
In the
Journal names, inventory
form that opens, create a newrecord and type the journal name and its description.3.
 
Select the
Journal type
that determines what the journal is used for.4.
 
Select a
Voucher series
from the list.
 
Chapter 8: Inventory Journals
8-3
5.
 
On the
General
fast tab, in
Selection by
, specify whether the linereceives a voucher number when the line is entered or when it is posted.For example, the
Selection by
field helps you assign voucher numbers at posting time when a journal is started at the start of aday; multiple entries can be made by different people and/or atdifferent times during the day.Without the
Selection by
option, all entry lines have a differentvoucher number. This makes tracking difficult. With this postingoption, voucher numbers are assigned at the time of posting, and aretherefore more consistent throughout the journal.6.
 
In the
New voucher by
field, specify when a new voucher isallocated, by either of the following:
o
 
Change date (enables tracking by date)
o
 
Change date or itemThis resembles the
Selection by
option, that enables tracking by one voucher number, in addition to all entries that are registered in the same journal for thesame date and the same item. This option helps simplify tracking.7.
 
Select value in the
Detail level
field for the journal.The Summary option in the
Detail level
field is a good choice whenyou are generating many entries by using journals for the same date,account number, dimensions, and currency code. By doing this, theGeneral ledger is only populated with one summary transaction for each identical value. Therefore, reducing the number of transactions.However, this does not summarize these entries in inventorytransactions.8.
 
Select or clear the
Delete lines after posting
check box.After posting, the lines typically have only historic value and cantherefore be deleted. However, sometimes, a business wants to keepthe lines for reference.9.
 
In
Offset account
, specify an offset account if the journal name isfor the Movement journal type.

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