Inventory Category Codes

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Inventory Category Codes

Below is a list of the Inventory Category Codes and the financial accounts that are impacted when they are used.

DEPRECIATION

Credit	Depreciation Account
Freight	N/A
Duty	N/A
Tax	N/A

LOST

Credit	Adjustment Account
Freight	N/A
Duty	N/A
Tax	N/A

PO/RECEIVING

Credit Account	A/P Accrual
Freight	Freight
Duty	Duty
Tax	Tax

RETURN/OF/LOAN

Credit Account	A/P Accrual
Freight	Freight
Duty	Duty
Tax	Tax

RETURN/TO/VENDOR

Credit Account	A/P Accrual For (reversal)
Debit	Debit
Freight	Freight
Duty	Duty
Tax	Tax

SCRAP

Credit	Inventory Write Off Account
Freight	N/A
Duty	N/A
Tax	N/A

UNIT/ADJUSTMENT

Credit Account	Inventory Write Off Account
Freight	N/A
Duty	N/A
Tax	N/A

See Also

Configuring Inventory Codes