Using Transaction Groups

Each transaction with a financial impact is embedded with a transaction group. The transaction group identifies the type of transaction that is entered and determines what records are populated, how costing is calculated, and what ChartFields are used to record accounting entries. In this section, we identify all the transaction groups by code, description, transaction process description, and specific menu paths. We divide the transaction groups into their logical categories, including:

• Inventory transactions.

• Earned conversion cost transactions.

• Production variance transactions.

• Production scrap cost transactions.

• Production actual cost transactions.

• Standard cost revaluation transactions.

• Average cost adjustment transactions.

• Actual cost adjustment transactions.

• Non-stock shipment transactions.