G/L Accounts in General Posting Setup

COGS Account - To post inventory decrease due to sales

COGS Account (Interim) - To post expected inventory decrease due to sales. Expected sales is posted when post ship without invoice. When Invoice is posted, cost in COGS (Interim) will be reversed out and posted to COGS account.

Inventory Adjustment Account - To post inventory increase / decrease due to adjustement, revaluation and rounding.

Inventory Accrual Account (Interim) - To post expected inventory increase and decrease. Expected inventory increase occurs when you post purchase receipt without invoice. When post receipt without invoice, Navision will credit Invt. Accrual Acc. (Interim) and Debit Inventory Account (Interim). Once the Purchase invoice is posted, the Invt. Accrual Acc. (Interim) will be reversed out and credited into Direct Cost Applied Account, while the Inventory Account (Interim) will be reversed and debited into Inventory Account.

Direct Cost Applied Account - To post direct cost incurred in purchasing materials, capacity and subcontractor's services.

Overhead Applied Account - To post indirect cost incurred in purchasing materials, capacity and subcontractor's services.

Purchase Variance Account - To post the difference between standard cost and direct cost of purchased inventory.

Inventory Account - To post inventory value of purchased items and manufactured items.

Inventory Account (Interim) - To post expected inventory value. Use together with Inventory Accrual Account (Interim).

WIP Account - To post value of WIP Inventory.

Manufacturing Overhead Variance Account - To post the difference between actual overhead cost incurred in manufacturing the item and the standard overhead cost for the item.

Capacity Overhead Variance Account - To post the difference between the overhead cost of capacity consumed and the overhead (standard) cost of capacity setup in the routing for the manufactured item.