Create a Single Line for Kitting Items on A/R Invoices
A/R invoices created if you have Project and Job Costing or if you added optional fields to invoice details show only one detail line for each kitting item listed on an invoice, instead of showing one line for each component of each kitting item. Order Entry handles the accounting for kitting items with the following G/L entries.
When you ship kitting items, Order Entry creates G/L entries for each of the components in the kitting item:
|
G/L Account |
Debit |
Credit |
|
Shipment Clearing, component 1 |
X |
|
|
Inventory Control |
|
X |
|
Shipment Clearing, component 2 |
X |
|
|
Inventory Control |
|
X |
When you invoice a kitting item, Order Entry creates the following G/L entries to back out the components for the master item from the shipment clearing account:
|
G/L Account |
Debit |
Credit |
|
Shipment Clearing, master item |
X |
|
|
Shipment Clearing, component 1 |
|
X |
|
Shipment Clearing, component 2 |
|
X |
The source code that appears on the G/L Transactions report for the shipment entry is OE-SH. The source code that appears on the G/L Transactions report for the invoice entry is OE-IN.
Note:If you do not use optional fields in Order Entry invoice details and in Accounts Receivable invoice details, and if you do not use Project and Job Costing, the Order Entry program will still add shipment clearing lines for each component to the A/R invoice and will not create these G/L account entries during shipping and invoicing.
See also
Journal Entries Generated by Posted Transactions
G/L Accounts Used by Order Entry
Cost of kitting items in job-related orders
Integration with Project and Job Costing
Start and End Dates on Price Lists
Different Document Dates and Posting Dates
Drilldown to Sales Orders and POs from Transaction Entry
Enter Prepayments on Shipments
Check for Duplicate Orders Based on Purchase Order Numbers
Calculate Backordered Quantities Based on Customer Options
Cost inventory during Posting / Create Transactions and Audit Information during Day End Processing
Order Entry Templates with Blank Tax Groups
Definable Source Type Codes for G/L Transactions
Hide, Show/Allow Editing of Unit Cost/Extended Cost Fields in Credit/Debit Note Entry
Override the Customer Account Set during Order Entry
Send Credit/Debit Note Transactions to the General Ledger