The item journal can be used for following type of inventory adjustment.
- Item journal line Unit Amount - the unit price of the item, it will be represented by either unit cost or unit price depend on the entry type.
- Item journal line Unit Cost - the cost of the item that copy from item card unit cost
| Entry Type | Description | Unit Amount in Item Journal Line |
|---|---|---|
| Purchase | Positive adjustment that works as a purchase transaction | Default from Item card Last Direct Cost |
| Sales | Negative adjustment that works as a sales transaction | Default from Item card Unit Price |
| Positive Adjmt. | Positive inventory adjustment | Default from Item Card Unit Cost |
| Negative Adjmt. | Negative inventory adjustment | Default from Item Card Unit Cost |
Steps for create item journal for negative adjmt.
1, use search function to find Item Journals
2, select Negative Adjmt. in Entry Type
3, Document No - default by system or input manually according to no. series
4. Enter Item No.
5. Enter Location Code
6. Enter Quantity
7. Unit Amount, Amount and Unit Cost to be populated by system.
NOTE: use Applies-to Entry to select the cost according to selected entry.
8. Post the item journal when the data is completed.
