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Which account do you link with the scrap location?

accounting account locations scrap
By
Pascal Tremblay
on 4/27/15, 6:17 PM • 1,268 views

Hello all,

We have here a scrap location. Well defined in our custom XML.

We would be very interested to know which account you put in the field « stock valuation account (incoming and outcoming) ».

What is your account linked at this place?

Thanks

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Jordi Ballester Alomar
On 4/28/15, 2:15 AM

Hi Pascal,


You must define an expense account called 'Inventory loss' or 'Scrapped products' or whatever you like.



Movements to this location will produce credit to inventory, debit to the selected expense account.


The stock input account will be used when you move stock into this location.



The stock output account will be used when you move stock out of this location.



Both should use the same account.



Regards,


Jordi Ballester


Www.eficent.com


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thanks a lot for this answer! Very nice from you! THis is what we do.

Pascal Tremblay
on 4/29/15, 4:05 PM
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Asked: 4/27/15, 6:17 PM
Seen: 1268 times
Last updated: 4/29/15, 4:04 PM
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