Inventory transactions are done in system to track the movement of material from onelocation to another location. The location can be an inventory organization, a sub inventory or a locator. There are two inventory transactions done in system. 1. Explicit Inventory Transactions: Transactions which are explicitly done by users to move material from one location to another location. Ex: Sub inventory transfer, Miscellaneous Receipt, Miscellaneous Issue. 2. Implicit Inventory Transactions: Implicit Inventory Transactions are those transactions which system does in the background against a user transaction. Ex: PO Receipt, WIP Move Transaction, WIP Completions, Sales Order Shipment etc. Most of the inventory transactions, involving asset items, have financial impact and affects accounting information in the system. When you issue/remove an item from a when you receive/accept an item in a specific location. system automatically credits the account related to the ‘From Location’. if the quantity transacted has on hand tracking enabled. For serial. Only inventory items are available for inventory transaction. the ‘Frozen cost’ should be available in this system. you have to enter all these information at the point of transactions.specific location. asset items. then you can’t do any inventory transaction for those items. when you receive/accept an item in a specific location. If you have defined any item as non-inventory item. To transact. Similarly. lot and item revision controlled items. . Similarly. When you issue/remove an item from a specific location. system automatically debits the account related to the ‘To Location’ All inventory transactions affect the system on hand quantity of the transaction location. else system will show an error message and won’t change the on hand quantities. system automatically deducts the on hand quantity from that ‘From Location’. system automatically increases the on hand quantity of that ‘To Location’. Miscellaneous Receipt You can use miscellaneous receipts to receive material into inventory without any purchase order/internal requisition. Enter 2 consecutive characters from any part of the item number in the item number field and system will show you a list of items . WO) Entering a Miscellaneous Receipt Transaction Follow the below steps to enter a miscellaneous receipt transaction in system 1. Miscellaneous receipts should be avoided wherever possible and should be used only when you want to receive some materials to an inventory without any receiving document (PO. IR. Navigate to the Miscellaneous Transaction Form Inventory -> Inventory Transaction 2. Select the transaction Type as Miscellaneous Receipt 4. You can enter the item number in different ways i. Select the inventory organization. System defaults the inventory organization from organization default profile. 3. Enter the item number. Click on the finance Tab. Select the sub inventory where the material will be received. This account gets credited after the transactions and it’s a mandatory field. Click on transfer tab 9. item description and unit of measure field after step 4. Press tab to move to the revision field. System shows all the sub inventory of the selected organization. 5. 13.containing the text entered in that field. Select the revision of the item. Click on save icon to complete the transaction 21. If you want to search items. 16. then system will show all the available revisions in the revision field. System will show you a search icon next to the account field. Enter a note or description for this transaction. vi. then click on account field. If you know the complete account combination then enters it in the account field. 14. System shows all the locators of the sub inventory selected in ‘To Sub inventory’ field. Enter all the serial numbers. then click on item number field. System should auto populate item id. Click on Lot & Serial tab if the item is lot controlled. Select the locator where the material will be received. Enter a reason for this transaction. If the item is revision controlled. Click on add lot number icon to enter lot information 17. ii. 7. v. You can select the item number from the suggestion list. Click on the search icon to search & select item. 15. 11. You can enter account in different ways iv. Enter the GL account combination. 18. System will show you a search icon next to the item field. 8. 6. Click on add serial number icon to enter serial information 19. Enter 4 consecutive characters from any part of the account combination in the account field and system will show you a list of accounts containing the text entered in that field. If you know the complete item numbers then enter it in the item number field. iii. If you want to search account combinations. This is a free text field and can be used to enter any business important information. Enter the number of quantity to be transacted. Click on the search icon to search & select account combination. System will show you the result . Enter the lot number and corresponding quantity. 20. 10. You can select the account from the suggestion list. 12. Navigate to the Miscellaneous Issue Form Inventory -> Inventory Transaction 2. Select the transaction Type as Miscellaneous Issue . Select the inventory organization. System defaults the inventory organization from organization default profile. For any missing material use cycle count. system adjust inventory against the cycle count account. 3. Miscellaneous receipts should be avoided wherever possible and should be used only when you want to issue some materials to an inventory without any issuing document (SO.Miscellaneous Issue You can use miscellaneous issue to issue material out of inventory without any sales order/work order. WO). Entering a Miscellaneous Issue Transaction Follow the below steps to enter a miscellaneous receipt transaction in system 1. item description and unit of measure field after step 4. Enter a reason for this transaction. 12. 18. 11. If you know the complete item numbers then enter it in the item number field. then system will show all the available revisions in the revision field. If you know the complete account combination then enters it in the account field. System will show you a search icon next to the account field. You can select the item number from the suggestion list. Enter the lot number and corresponding quantity. You can enter the item number in different ways i. Enter all the serial numbers. Click on save icon to complete the transaction 21. 8. Press tab to move to the revision field. System shows all the sub inventory of the selected organization. System will show you the result . This account gets debited after the transactions and it’s a mandatory field. Select the sub inventory from where the material will be issued. iii. Click on the finance Tab. Click on the search icon to search & select item. Enter the number of quantity to be transacted. Click on add lot number icon to enter lot information 17. Enter a note or description for this transaction. Click on add serial number icon to enter serial information 19. You can enter account in different ways i. System shows all the locators of the sub inventory selected in ‘From Sub inventory’ field. 13. This is a free text field and can be used to enter any business important information. Enter the GL account combination. Enter 4 consecutive characters from any part of the account combination in the account field and system will show you a list of accounts containing the text entered in that field. ii. Select the revision of the item. 7. System should auto populate item id. Click on Lot & Serial tab if the item is lot controlled. 10. Enter the item number. then click on account field. 15. 16. then click on item number field. iii. If you want to search items. 5. Click on the search icon to search & select account combination. Enter 2 consecutive characters from any part of the item number in the item number field and system will show you a list of items containing the text entered in that field. ii. 14. If the item is revision controlled. Select the locator from where the material will be issued. Click on transfer tab 9. 20. System will show you a search icon next to the item field. If you want to search account combinations.4. You can select the account from the suggestion list. 6. System defaults the inventory organization from organization default profile. Enter the item number. You can enter the item number in different ways . But. Navigate to the Inventory Transaction Form Inventory -> Inventory Transaction 2. you can’t use sub inventory transfer to move material from one sub inventory to another sub inventory in a different organization.Sub Inventory Transfer You can use sub inventory transfer to move material from one sub inventory to another sub inventory in the same organization. Select the inventory organization. 3. Use inter-org transfer to move material between two different organizations. Select the transaction type as Sub Inventory Transfer 4. Entering a Sub Inventory Transfer Transaction Follow the below steps to enter a sub inventory transfer transaction in system 1. You can also use sub inventory transfer to move material from one locator to another locator in the same sub inventory. 5. vi. 15. System will show you a search icon next to the item field. Click on the search icon to search & select item. v. If you want to search items. then click on item number field. Click on the finance Tab. 17. 6. Select the sub inventory from where the material will be issued. Enter the number of quantity to be transacted.iv. System shows all the sub inventory of the selected organization. You can select the item number from the suggestion list. Enter the lot number and corresponding quantity. Click on add serial number icon to enter serial information 20. 8. 10. Select the locator from where the material will be issued. This is a free text field and can be used to enter any business important information. Enter a note or description for this transaction. System will show you the result . Click on save icon to complete the transaction 22. 19. Click on transfer tab 9. Enter a reason for this transaction. Select the sub inventory where the material will be received. 21. item description and unit of measure field after step 4. Select the revision of the item. then system will show all the available revisions in the revision field. 12. System shows all the locators of the sub inventory selected in ‘To Sub inventory’ field. Enter 2 consecutive characters from any part of the item number in the item number field and system will show you a list of items containing the text entered in that field. System shows all the sub inventory of the selected organization. System shows all the locators of the sub inventory selected in ‘From Sub inventory’ field. Click on add lot number icon to enter lot information 18. If the item is revision controlled. 16. 7. Enter all the serial numbers. If you know the complete item numbers then enter it in the item number field. 13. System should auto populate item id. 14. Press tab to move to the revision field. 11. Select the locator where the material will be received. Click on Lot & Serial tab if the item is lot controlled.