Why does my Transaction Entry Receipt update to the wrong Account
Description
Cause

A Standard Valuation Item will pull the standard cost into the Transaction Entry Receipt cost field.

If Item maintenance shows 0.00 as standard cost and you type in a cost when doing the Transaction Entry Receipt, it will post to PO Clearance and to Inventory Adjustment because you are doing an adjustment to the standard cost of zero.

If you have a standard cost in place, say 1.00 and in the Transaction Entry Receipt and you change the cost to 2.00 for a quantity of one, it will update 2.00 to PO Clearance, 1.00 to Inventory Adjustment and 1.00 to Inventory.

If you have a standard cost in place and do not change it in Transaction Entry Receipt it will update to Inventory and PO Clearance.

Inventory only gets updated by the amount of the standard cost that is in the Item Maintenance panel.

Resolution

You must have an amount in the Standard Cost field in the item maintenance panel in order to have the Inventory account update during the Transaction Entry Receipt of a Standard Cost Item.

DocLink: How do transactions post to General Ledger accounts that are defined in Product Line Maintenance.
Defect ID
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