In Transit Accounting for Shipped Goods (Release 9.2 Update)

You can set processing options in the Ship Confirmation (P4205) program to have the system create journal entries to account for inventory that is sold and in transit. When you activate the Write Journal Entries for In Transit Inventory processing and provide a document type in the In Transit Inventory Document Type processing option, the system uses AAI 4241 to create journal entries that credit the cost amount to an inventory account when you perform ship confirm. When you run the Sales Update program (R42800), the system debits the in transit account instead of the standard inventory account.

Note: You use the Write Journal Entries for In Transit Inventory and In Transit Inventory Document Type processing options to have the system generate journal entries for goods that are sold. You use the In-Transit Accounting processing option to have the system generate journal entries for goods transferred between branches.