Dynamics GP: What are All These Inventory Accounts For? Dynamics GP Inventory Account Uses!
Dynamics GP: What are All These Inventory Accounts For?
Do you have to use all of these accounts?
No, it really depends on how you process transactions in Dynamics GP, what valuation method you are using and where you want the accounts to come from. For Sales Transactions you can set GP to use some accounts from the Customer and not the item. You also have the option of setting up Site-Level Segment Overrides to customize the accounts by the site used in the transaction as well.
Accounts are setup at the Item Level on the Item Card and can be defaulted in through use of Item Classes.
Let’s look at the myriad accounts and what they do: