More on Posting from IC to GL
Use this program to create and maintain an inventory GL posting control record for each company that uses the IC module.
This program works in conjunction with IC GL Posting Table F/M and various FACTS registers.
For more information how to use maintenances, refer to the following topics:
How to use file maintenance programs
To access this program, choose Inventory Control-->File Maintenances --> Infrequent File Maintenances -->IC to GL Posting Control F/M.
1. GL Distribution
The Inventory Control Adjustments and Transfers systems can be set to post to General Ledger automatically. The Adjustment Register, Transfers Shipment Register and Transfers Receiving Register can print a General Ledger distribution and make a journal posting to GL during the update.
Enter 0, 1, 2 or 3 to indicate how IC sales are tied in with General Ledger. Press Enter (CR) to default to 0.
0 - no GL distribution is printed or posted.
1 - the GL distribution is printed (printing is in detail format) but not posted to GL.
2 - the GL distribution is printed (printing is in detail format) and posted to GL in detail (posting includes each item contributing to the amount for each account number).
2. Adjustments Journal (GL Journal To Post To)
If you entered 0 or 1 the first field, skip this field.
If you entered 2, enter the General Ledger journal number that adjustments should post to after the Adjustments Register is run. You cannot create a new journal number in this field. Press F2 to search the existing journal numbers.
3. Transfers Journal (GL Journal To Post To)
If you entered 0 or 1in the first field, skip this field.
If you entered 2, enter the General Ledger journal number to which transactions from the Transfers Shipment and Receiving Registers should post. The entry must be a valid journal number. Press F2 or
to search.
4. Post By Branch
Indicate whether to post inventory transactions by branch; i.e., insert the branch in the GL account number when posting. Press Enter (CR) to default to N. In GUI, check the box to indicate Y.
5. Adjustments Posting
Enter whether you want to post adjustments (Adjustment Register GL distribution) to General Ledger by the account number assigned to the adjustment in the GL posting table (GL Posting Table F/M) or the Account number assigned to the adjustment code (Adjustment Code F/M). Press Enter (CR) to default to G.
If the flag is set to Adjustment, the G/L number assigned to the adjustment code is posted. If the flag is set to GL posting table, the G/L number associated with the adjustment in the GL posting table is posted. If the flag is set to G, the adjustment codes type (see Adjustment Code F/M program) determines whether to post to the A-adjustment, R-receipts or S-sales G/L number.