Since accounts can be defined on multiple windows for both Standard Inventory and Multiple Warehouses, account hierarchy determines which specific accounts are affected by inventory adjustments.
In determining account hierarchy, specific accounts take precedent over general accounts; accounts at the warehouse and product level supersede accounts at the category and system level. For example, if accounts are defined for a stock item at the product level, those accounts will be used when adjustments are posted. If no accounts are defined at the product level, iMIS will use the accounts defined at the category or system level.
Inventory and Adjustments accounts can be defined on the following windows:
Standard Inventory
The following table summarizes the account hierarchy iMIS uses for Standard Inventory. Order of significance is indicated numerically, the lower the number, the greater the significance.
Windows / Accounts |
Accounting |
Set up product categories |
Inventory System Setup |
Inventory |
1 |
2 |
3 |
Adjustments |
1 |
2 |
3 |
Multiple Warehouses
The following table summarizes the account hierarchy iMIS uses for Multiple Warehouses. Order of significance is indicated numerically, the lower the number, the greater the significance.
Windows / Accounts |
Warehouses |
Accounting |
Set up product categories |
Inventory System Setup |
Inventory |
1 |
2 |
3 |
4 |
Adjustments |
1 |
2 |
3 |
4 |
10.6 Production Release. Updated 2/24/2006 11:07:42 AM
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