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Inventory overview

The Inventory (IN) module tracks materials by location, commits stock to jobs with material orders, and supports transfers, adjustments, physical counts, and month-end valuation.

Typical flow​

  1. Configure IN Company Parameters (valuation and cost methods), then set up IN Locations and optional IN Location Groups.
  2. Commit materials to jobs with IN Material Order Entry; confirm usage and close remaining commitment when the job finishes.
  3. Move stock with IN Transfer Entry; correct quantities with IN Adjustment Entry or the IN Physical Count Worksheet.
  4. After all monthly activity posts, run IN Monthly Reconciliation so inventory value matches the GL.

Before you use IN​

  • HQ materials (material codes) exist for items you stock.
  • GL inventory, adjustment, and COGS accounts are defined for each location.
  • Valuation and cost methods in company parameters match how you want inventory valued and relieved.