I was wondering if you could explain the difference between the Item Journal and the Item Reclass Journal? More specifically, what does the Item Reclass Journal do that the Item Journal does not? Maybe a few real world examples?
A transfer made by a Reclass Journal is considered as one transaction.
A transfer made by a Reclass Journal is considered as two seperate transactions.
Example:
*Purchase 10 psc into location A
*Transfer 1 psc from location A to location B using Item Journal (2 lines, Positive Adjust and Negative Adjust)
*Transfer 1 psc from location A to location B using Reclass Journal (1 line using Location Code and New Location Code)
*Sell 2 psc from location B
*Make a revaluation (using Revaluation Journal) so that the purchase on location A changes value
*Run the Adjust Cost-Batch
now - the revaluation is reflected in the sale made from location B - but only in the Item Ledger Entry created by the Reclass Journal.