Processing Transfers
Use Inventory Control's Transfers form to record stock transfers between physical inventory locations, if you store inventory items at more than one location.
Inventory Control lets you transfer goods between locations using two different methods:
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Directly (and immediately) to the destination location.
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Via a goods-in-transit location to the destination location, and specifying a transfer number to track the shipment.
Goods in transit are transferred first to a goods-in-transit location (usually marked as a logical inventory location). When they reach their destination, they must be received from the goods-in-transit location.
In other words, goods in transit:
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Exist between locations—like in the real world.
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Can travel on different trucks and be received in separate lots.
Transfers change item quantities at locations without changing the total number of items in inventory, or the total inventory valuation.
When you post transfers, the program generates journal entries to track the movement of stock because costing is done by location.
Information entered with transfers
Before you can post transfers, you must allow the items being transferred to be stocked at the locations to which you are transferring them. For general information about entering transfers, click here; for more detailed information, click here.
See also
Processing internal usage transactions