Miscellaneous Transactions
Using the Miscellaneous Transaction window, you can issue material from a subinventory to a general ledger account (or account alias) or receive material to a subinventory from an account or alias. An account alias identifies another name for a general ledger account.
Suggestion: Use account aliases for account numbers you use frequently. For example, use the alias SCRAP for your general ledger scrap account.
Issuing material from a subinventory to a general ledger account or alias generates the following accounting entries:
| Entered General Ledger Account @ standard cost
| XX
|
|
| Subinventory accounts @ standard cost
|
| XX
|
Receiving material to a subinventory from an account or an alias generates the following accounting entries:
| Subinventory accounts @ standard cost
| XX
|
|
| Entered General Ledger Account @ standard cost
|
| XX
|
Expense Subinventories and Expense Items
When you receive into an expense location or receive an expense item, you have expensed the material. 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 material is consumed at the expense location and moves the quantity without any associated value. If transferred to an asset subinventory, the material moves at its current cost.
When you perform a miscellaneous transaction to 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 that the cost of the expense item is unknown.
See Also
Performing Miscellaneous Transactions
