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Inventory Items - Accounts Assignment Setup

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The inventory items in my company are classified into several categories, such as; Chocolate, Biscuit, Juice ...etc. On the other hand, we have several sites (location), location A , Location B ..etc

Now when considering the options of assigning inventory item class into GL accounts, there are (theoretically) two scenarios:

1- GL accounts per Item Category.

This means that we have to create the following GL accounts for each category, as illustrated below:

  • Inventory Account - Chocolate
  • COGS - Chocolate
  • Sales Revenue - Chocolate
  • Sales Return - Chocolate

Same for Biscuit, Juice ... et.

This scenario can easily be achieved in Dynamics NAV, by assigning each category to specific posting account group.

2- GL accounts per Location

This means that we have to create the following GL accounts for each Location, as illustrated below:

  • Inventory Account - Location A
  • COGS - Location A
  • Sales Revenue - Location A
  • Sales Return - Location A

Same for location B, Location C ...etc.

My question is about this scenario, How can I achieve it in Dynamics NAV. considering the fact that an item can be sold from or received into several locations, and each time the accounts should be changed according to the location. Is this possible in Dynamics NAV or not. If Yes, how ?

 

Thanks in Advance,

 


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