What is the best and quickest way to take inventory for own use. We have in our normal inventory for resale printer cartridges, for example, and I want a quick way to issue one and charge it straight to the printing and stationery GL account. If I use an item journal there are preset postings from the posting groups and a general financial journal doesn’t access the item file as far as I can see. Is there any easy and quick way?
Hi John,
Setup a different general posting product group (with the setup you need) and select this when doing an item journal
To take an Item from STOCK, do a negative adjustment, then post the amount from Inventory adjustment account to your correct expense account.
This is good for Items already in Inventory - if you BUY them for own use, use GL Acc already in PO.