Miscellaneous Transactions (Oracle Cost Management)


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Miscellaneous Transactions

You can use the Miscellaneous Transaction window to issue items from a subinventory to a general ledger account (or account alias) and to receive items into a subinventory from an account / account alias. An account alias identifies another name for a general ledger account that you define.

Suggestion: Use account aliases for account numbers you use frequently. For example, use the alias SCRAP for your general ledger scrap account.

The accounting entries for issuing material from a subinventory to a general ledger account or alias are as follows:

Account Debit Credit

Entered G/L account @ current average cost XX

Organization Valuation accounts @ current average cost XX

The accounting entries for receiving material to a subinventory from an account or an alias are as follows:

Account Debit Credit

Organization Valuation accounts @ current average cost XX

Entered G/L account @ current average cost XX

Note: Under average costing, you can enter a unit cost which the system uses in place of the current average cost.

Expense Subinventories and Expense Items

When you receive into an expense location or receive an expense item, you have expensed the item. If you use the miscellaneous transaction to issue from an expense location, you can issue to an account or to an asset subinventory of the INV:Allow Expense to Asset Transfer profile option in Oracle Inventory is set to Yes. If issued to an account the system assumes the item is consumed at the expense location and moves the quantity without any associated value. If transferred to an asset subinventory, the item moves at its current cost.

When you receive an expense item to either an asset or expense subinventory, no accounting occurs. Since the account balance could involve different costs over time, the system assumes the cost of the expense item is unknown.

Transaction Unit Cost

Caution: Transaction unit costs can be entered when you perform a miscellaneous transaction in Inventory. However, entering a cost that is significantly different from the current average can cause large swings in the unit cost of remaining on-hand inventory. Oracle recommends you take the appropriate measures to control the ability to enter the transaction unit cost.

Account	Debit	Credit
Entered G/L account @ current average cost	XX
Organization Valuation accounts @ current average cost		XX

Miscellaneous Transactions

Expense Subinventories and Expense Items

Transaction Unit Cost

See Also