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Movement Journal- Inventory Management
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Nov 29, 2024
Movement Journal- Inventory Management If anyone wants to join live session for discussion contact to my number -9666196858
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[Music]
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hi everyone welcome back again with new session on Inventory
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management n365 uh before going to start moment
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journal in the inventory management let's discuss our previous
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topics uh first first in the inventory management module we discussed about
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arrival overview in the arrival overview uh the concept is where the we
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house worker or INB supervisor will uh process the expected deliverables he
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will post the item arrival journal and uh uh he will process the uh expected
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deliverables on that day or that week based on the setup uh configuration
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required for the Revel overview is that arrival overview profile in the arrival
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overview profile we need to mention what type of transactions need to be included
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in the arrival profile and uh what are the days uh that needs to be selected
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for the transactions those step those setups needs to be mentioned
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I'll I'll open d365 and I'll show because it's overally
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won't be good inventory
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management arrival
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overview so this uh this is the concept and configuration see here this arrival
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profile overview profile name we created and uh uh these are the different types
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of uh transactions uh that needs to be
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mentioned in the overv profiles setup if you go to the arrival overview profile
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this is the form I'm talking about what type of transactions need to
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be and days forward and days backward this is what I am discussing and once
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this configuration is done and uh uh arrival Pro here uh we need to select
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the warehouse worker need to select the Aral profile and he needs to click on
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update once you click on update based on this sural profile uh it will show the
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transactions that are expected to be delivered and that are pending for
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delivery and once we'll get the transaction here uh warehouse worker
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will uh select the transaction that is delivered and start arrival process once
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the start arrival process is done uh then you'll get uh when he clicks start
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arrival it will give you the one more form where you need to update
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the uh details uh that I already mentioned in the screenshots I think and
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this Excel not there okay uh so then he need to post the item
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arrival Journal once the item arrival Journal
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posted once the item arrival Journal posted he can process the uh product
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receip from this arrival arrival profile arrival overview
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form itself no need to go to the this is one concept that we
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discussed in the starting and second one is quality management in the Quality
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quality management concept is to check the quality of the product and configuration required for this is in
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the parameters level you need to enable the quality management and in the
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inventory module these are the configuration required test instruments what are the instrument that you need to
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uh that will help you to uh check the quality and test
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instruments and test then
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is test what type of test you need to perform then test variables test and
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test variables what um what are the variables and uh test outcomes test
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variable outcomes whether it is failed or false and uh then uh item sampling uh
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how many samples need to be uh checked to uh to provide the out output of the
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quality and test groups in test groups will mention the uh acceptable level of
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uh uh quality and uh quality groups item we need to add and quality associations
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in the quality ass in the quality associ where the quality check needs to be
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performed before the product received or after the product received and uh what
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are the item sampling that you need to Define here and what uh whether it is
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applicable to the single item or group of item that you can mention here then
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we have created product purchase order for testing purpose then while posting
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the Pur ASE product re we got an error message saying that quality needs to be
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performed quality check needs to be performed then uh we need to go to receive Tab and quality orders uh in the
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quality orders we need to perform the quality check based on the configuration
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defined and next topic we discussed about is transfer order transfer order
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we can do it from uh transfer order is nothing but um transferring the goods
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from one Warehouse to another warehouse and basically it will be used for there are two concepts
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like transfer order and transfer Journal transfer order will be when the warehouse and another transferred Source
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warehouse and destination Warehouse distance is more then we'll use the transfer order if it is less transfer
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Journal basically uh best thing is that where the particular process is required
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to uh to transfer the goods from one Warehouse to another Warehouse that
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means uh with the generate packing list packing list registration then shipment
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then receive uh receiv from the receive process from the destination Warehouse
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uh this entire process will be available uh in the transfer order where in case
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of transfer Journal these are not required it's like moving from one
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serial number to another serial number or one rack to another R then uh Transit Warehouse is uh not
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manually controlled that is one point and dimension field will not be
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available in the site form if if you want to add the dimension in the side
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form you need to click uh mention in in the dimension link once the dimension
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link is activated you can uh see the financial Dimension field in the uh site
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form then we have created the transfer order from one Warehouse to another
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Warehouse one quantity um then um once you create the
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transfer order next step is generate the packing slip and once the once generate
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packing list is complet then picking list registration once the picking list is registration is done
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then ship the transfer order once the shipment is done then receiving uh
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Warehouse need to book the receipt so you if you have multiple
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products transfer you can split it into uh multiple lines based on the
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transfer you can update each line
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then reservation we have parameters transfer order reservation then system
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automatically reserve the quantity for the transfer
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order and entry will be uh from one Warehouse
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it will be inventory issue and another Warehouse it will be inventory
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receipt and Inter inter inventory interunit payable and inventory
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interunit
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receivable and and delivery over delivery concept also
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there so these are the things we discussed in the prev and uh transfer J
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also we have discussed in the last session in the transfer order as we
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discussed transfer order will use for uh transferring from one location to
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another location or one rack to another rack one badge to another badge these
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are the major Point without any cost implications to
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it this is col
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this one colored it will be
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good then uh will we have tested like uh
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how many products available uh uh for this product and we have transferred one
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moment Journal one negative moment joural when you do that
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uh after posting product has been reduced from 36 to35 and these are the entries will be
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posted and same entries inventory issue rece and Inter company uh sorry
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inventory inter unit pay pable and in inventory internal unit
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receivable
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okay coming to new new topic movement Journal where the system allows to
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increase or decrease the inventory without any purchase uh sale or production reference
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mainly used to record the inventory with uh record the inventory movement within
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the organization to bring the inventory opening balance for opening balances
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also M Journal will be used uh this you can highlight it uh it's
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very I think it's important for me I can say
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so basically movement Journal will be used in the opening balances
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transactions and where the tra where the product is sent to where trade shows or
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sample products uh you you know the cause of the inventory discrepencies then you'll
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post the mov journal for the movement journal the movement Journal name needs
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to be created from the inventory management Journal type will be moment
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once you created the journal name I have checked the on hand inventory of this uh
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product we have 36 quantity and uh when we did
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the uh M Journal you need to select the offet account once you select the offset
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account you need to post the entry here inventory issue uh will be credited and
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inventory expens loss account will be uh debited because it is like loss right
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inventory is going out so inventory issue will be credit asset account it
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supposed to be credited when when the asset is reduced
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after posting the movement Journal it came to 35 quantity uh mement Journal we can
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mention the offset of default offset
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here uh coming to here
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let's do the moment one moment only for tting purpose I'll go with new legal
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entity so that we if we get any error messages we can solve it and we can come
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to know what is missing coming to here
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uh modules Inventory management um moment
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before doing M Journal I'll check the on hand inventory for any of the
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product so let's see the product information
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management let's sorry let's go to the inventory management
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see if you see here in DB Warehouse we have 11 quantity uh for the tire
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product uh let's book The M Jo J so to book the moment Journal we need
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to have moment Journal
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name so moment type you need to select if you want to define the offset of
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account in the journal name itself you can do
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that let's take any out the for testing
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purpose uh I'll use this account
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one45 just for testing purpose I taken one of the account random okay so
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it's we'll get the joural name here once you enter the journal name
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offset account it came automatically based on the
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setup TPT
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host
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new so one quantity I have one quantity given
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and I'll take cost cost price we are allowed to enter
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but what I will do is that uh just I'll post with zero
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balance and uh I'll show you how it will behave or
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maybe let's take 100 rupes then
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some error mes G okay not allowed for manual entry yeah
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correct so uh let's take one account
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randomly I'll choose other said something which is not correct but just
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take taking this account for testing
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purpose okay so you can see the transactions
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here so if you go to the
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ler final so this is the vir invent
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re and uh
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profit account so re inventory receip
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account 100 and uh profit account so I book positive one that's why it's uh one
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quantity positive I taken right that means one quantity increased in the
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inventory so that's why I taken in uh that's why it's taken inventory re
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account instead of uh issue account so now if I see 12 quantity
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came okay because a positive am positive quantity I picked so these main accounts
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uh 1 tri9 it is coming from the offset account that we have given but it is
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inventory expenditure profit account it will come and this one
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tri2 is is coming from the postings uh where we'll Define
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the postings for uh inventory
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purpose so this is what I'm talking about one tri2 right so inventory
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receip from here it is taking inventory expenditure profit
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here it is not there but it's taken from theet account where you given in the
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moment J okay so this is what this is about uh
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moment Journal
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okay let's post one negative quantity also just testing
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I'll use 1 tri9 account because it is not going to allow because mandate
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manual posting is not allowed for this account so I'll created the movement
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Journal item selecting minus
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quty so if it is minus1 negative quantity it won't allow you to provide
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the cost price because it is sale uh so from where it is picking the cost
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names let me show
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you product information management uh Rel
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products So This Ti one and manage
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cost cost object so for AP it is
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93205 is the average price
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and
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93205
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932 okay 932105 let's Force this
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posted view
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postings and Fin
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uh leg see 93205 it's taken from the running
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average cost so inventory issue here previously it is
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uh inventory receipt inventory expenditure loss
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account which is your offset account
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let do one more
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so TI one -
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one let's post
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this so it's given error message saying that loss account is not
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specified what I'll do I'm not providing any offset
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of uh I'm just testing this uh what
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way Inventory management
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postings inventory
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I don't have account Let's Take One
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account let's create one account uh new
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what I'll do is that uh
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[Music] inventory profit or loss for both the
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accounts I Tak only 308 for both
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law
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30 sorry
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okay let's save this so
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now I'm going to post the
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entry so now when I try to pose the entry again I got the error
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message set up Ledger account offset account account not specified set up
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Ledger account for inventory expenditure loss is not
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specified expenditure loss only is specified just I'm testing whether it
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will consider these forms or not for testing Sorry for posting the
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M it always take the uh offset account that given
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manually or from the journal name or it will take from the postings or not that
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I'm going that I'm checking so it is not at all picking
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the um
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so it's not at all picking from the ptions it will uh pick only from the set
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of that you need to select manually and uh also you can default it in the
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journal name so this is all about mement Journal uh maybe in next
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uh session we go with uh
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inventory adjustment
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Journal then some marking
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concept and uh that will takes time
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so these are the two concept that we are going to discuss in the next thing later
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on Counting Journal onward I didn't tested so we'll test uh in the session
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itself we'll discuss the concept and we'll directly test and we'll take the
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screenshots okay so that's the thing and one more thing
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uh if anyone wants to uh learn Microsoft
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Dynamics Finance modules you can contact to my number uh it is available in the
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uh videos one of the short video I mentioned my mobile
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number you can directly contact to my number and and
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uh and if anyone wants to uh learn
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Inventory management or uh if they want to join these live
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sessions uh you can contact me so that we can uh interact uh it will be uh good
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if we interact uh in the live session so that it will be good so that I can learn or I
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I can learn from you or you can learn from me so it will be interaction it
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will be very good so if anyone wants to uh join in this live sessions you can
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contact me directly we'll plan every day
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evening maybe whatever the time it is suitable for
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us that uh we can plan most probably we'll plan in the evening if anyone
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available you can directly contact to my number uh N I am seeing my number here
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as well 961 96858 you can contact me so that uh
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we'll discuss and uh we'll join in the live sessions it will be
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good so I don't don't have time to prepare proper documents and all so
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that's why if anyone want to uh join with me they can call me and we
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can do it together live sessions and if any uh new points you have you can add
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in the topic that we are discussing okay
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so okay and call to my
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number I'll add in the description uh description itself I'll
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add where I can add description I don't know the YouTube things okay I'll add in the
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description uh anyone wants to
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join stop here [Music]
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