Goods Movements
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Contents |
Introduction
Goods Movements window allows to create internal inventory movements among warehouses and storage bins.
Header
Internal inventory movements can be created by adding products to the lines tab or by moving all items at once.
All fields are pre-filled in automatically when a new record is created. Some of them to note:
- Name: This field will be used to reference this goods movement, not only in warehouse reports but also on the general ledger, therefore it is important to use a significant name.
This field is defaulted to the current date but it can always be changed as required. - Movement Date: that is the date of the goods movement transaction.
This field is defaulted to the current date but it can always be changed as required.
From an accounting point of view, goods movement will be reflected on this date.
As already mentioned there are 2 ways of entering lines (or products to be moved between warehouses and storage bins):
- By adding individual products to the Lines tab.
- By moving all items from one bin (Storage Bin From) to another (Storage Bin To) by using the Move Storage Bin button.
The system automatically inserts one line per every storage bin from and product.
Lines
Lines tab is a list of the products moved between warehouses and storage bins.
This tab also includes information about the source, destination and the respective quantity.
Some fields to note:
- Movement Quantity: that is the product amount to be moved.
Defaulted to the total quantity of the Product in the Storage Bin. - Storage Bin: that is the bin products are taken from.
Defaulted to the Storage Bin selected in the Product selector. - New Storage Bin: that is the destination bin for the products.
- New Attribute Set Instance: Read only field which is only visible for Referenced Inventory related box/unbox transactions. It shows the new attribute set instance after the boxing/unboxing process takes place.
Once Process Movements process is executed, the stock gets updated.
Accounting
Accounting information related to the goods movements
For more details please review the accounting article.
A Goods Movement can be posted to the ledger if the MaterialMgmtInternalMovement table is set to Active in the Active Tables tab of the organization's general ledger configuration.
Goods Movement posting creates following accounting entries.
Posting record date: Movement Date.
| Account | Debit | Credit | Comment |
| Product Asset | Movement Line Cost Amount | One per Goods Movement Line | |
| Product Asset | Movement Line Cost Amount | One per Goods Movement Line |
Posting a Goods Movement implies to have its cost calculated:
- A validated Costing Rule in the Goods Movement legal entity is required.
- The background process Costing Background Process must be run.
- Once the cost has been calculated, the Goods Movement can be posted.
Full list of Goods Movements window fields and their descriptions is available in the Goods Movements Screen Reference.
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