Standard Acumatica practices for Loan GRN / Settlement: we are occasionally receiving materials from our competitors on loan, to be settled at a later date. What is the standard Acumatica Practices?
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Loan GRN/ Loan Settlment
Best answer by Eric Ratté
I realize that my answer is a bit short. The Warehouses profile screen has the ability to use a specific GL account. I would select a liability.
Therefore, you need a specific warehosue. When you get a bill from the vendor, you do a warehouse transfer because then you own the goods. For inssurrance, you typically need the value of the inventory that you keep that is not yours. By using a specific warehouse with specific GL account, you get the value in GL and the details by looking at the warehosue used specifically for loans. In that warehouse, you should have the same warehouse locations as your real warehouse.
+4Hi, I would receive these goods into a different warehouse that would be tied to a specific GL account (and sub) to isolate the value of inventory for these goods.
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Does that mean we should use a GL account, a sub-account, and a separate warehouse for this, along with direct receipts and direct issues with a reason code? And does "separate warehouse" mean a lending warehouse, or can it be any warehouse?
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+4I realize that my answer is a bit short. The Warehouses profile screen has the ability to use a specific GL account. I would select a liability.
Therefore, you need a specific warehosue. When you get a bill from the vendor, you do a warehouse transfer because then you own the goods. For inssurrance, you typically need the value of the inventory that you keep that is not yours. By using a specific warehouse with specific GL account, you get the value in GL and the details by looking at the warehosue used specifically for loans. In that warehouse, you should have the same warehouse locations as your real warehouse.
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Thanks. Eric
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