How to Create an Account (number) for Catch weight loss

Hello,

While posting Transfer Journal, following error is generated:

“Account number for transaction type Catch weight loss account does not exist.”

How can I solve the issue?

Thanks in advance.

Regards,

Catch weight items are used in Process Industries. You can define the Catch weight loss account on catch weight item’s Item group posting setup under Inventory tab. Let me know if you are not able to find it.

Got it. Thanks. However the account is not defined in the CoA.

Is it enough to open a Revenue Account by the name of CW Profit / Loss Account and define it at the designated place i.e. Item Groups - Inventory.

Yes, you discuss with finance and depending on setup requirement you choose either Revenue or Profit/Loss account type. And specify it there.

Thanks a lot.