Transfer Orders Posting Effect on the General Ledger
Transfer orders are created in Order Entry to create a transfer document to the transfer-to location (transfer-out). On the purchasing side, transfer orders are received into the transfer-to location (transfer-in). The entire process requires general ledger postings for both transfer-out and transfer-in of merchandise.
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Example The following illustrates the general ledger posting impact for the transfer order process:
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Transfer Orders: Invoice Post
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DR
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CR
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Select the option to post Transfers (by batch or All). Invoice Post will generate a journal of origin "INV" - A/R Inv.
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In Transit
$100
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Inventory
$100
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Transfer Receipts: Inventory Receipt Post
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DR
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CR
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Select the period, location, and dates. This process will create a two-part entry. The first will post the receipt of inventory. Posting will generate a journal of origin "PUR"- PO Rcpt.
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Inventory
$100
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Transfer Sales
$100
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The second is the reversal of in transit inventory. Posting will generate a journal of origin "PUR"- PO Rcpt.
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Transfer Buy
$100
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In Transit
$100
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