Skip to main content
Solved

How to process Inventory borrowing and lending in Acumatica.

  • 3 September 2024
  • 3 replies
  • 40 views

Forum|alt.badge.img

 

Hi

I have a requirement as follows.

One of our customer is borrowing and lending inventory items with a third party company.in this operation no cash involvement will be happened and only the inventory will be exchanged between both parties.  Here to record the lending, they keep a virtual warehouse and transfer the inventory which is being lent to that third party company. and once they return those items, our customer is transfering those items from that virtual warehouse to their actual warehouse. But when they borrow inventory from the third party company, they do not record it in the system and utilize them for projects without doing any GRN or issuing. They are keeping a provision only with estimated values. But when our customer is returning items back to the third party company, items will be issuing through inventory issue and if there is any variance between the provision and the real inventory cost that amount will be charged to the P and L. How do you think we can process this in Acumatica in more suitable way.
Thank you.

Best answer by aiwan

Hi @MWijesuriya43 

 

Have you thought of using a non-stock item for inventory borrowed from the third party company?

With this, the P&L will hold correct values for transactions, and they can be used in BOMs, Kits, etc etc.

 

Hope this helps,

Aleks

View original
Did this topic help you find an answer to your question?

3 replies

Forum|alt.badge.img
  • Author
  • Jr Varsity II
  • 12 replies
  • September 4, 2024

@Manikanta Dhulipudi  @laura Do you have any suggetion for this?


Forum|alt.badge.img+8
  • Captain II
  • 297 replies
  • Answer
  • September 4, 2024

Hi @MWijesuriya43 

 

Have you thought of using a non-stock item for inventory borrowed from the third party company?

With this, the P&L will hold correct values for transactions, and they can be used in BOMs, Kits, etc etc.

 

Hope this helps,

Aleks


Forum|alt.badge.img
  • Author
  • Jr Varsity II
  • 12 replies
  • September 4, 2024

Hi @aiwan,

Thank you for your suggestion. I will test the possibility of using non-stock item for this.

Michelle


Reply


Cookie policy

We use cookies to enhance and personalize your experience. If you accept you agree to our full cookie policy. Learn more about our cookies.

 
Cookie settings