Inventory to GL Reconciliation – Chapter 3 – Posting Setups
We always talk about the importance of posting setups; no where is it as important as when it comes to subledger reconciliations. There are two posting setups that are important related to inventory subledger reconciliation – inventory posting setup and general posting setup. Inventory posting groups combine with location code values to direct general ledger […]
Inventory to GL Reconciliation – Chapter 2 – Direct Posting
What is direct posting? It’s a toggle/flag/checkbox on a general ledger account card. What does it do, you ask? It controls whether you can use the specific general ledger account in postings. And by that, I mean that you cannot manually enter the account in journals or on documents. Why is that important? By not […]
Inventory to GL Reconciliation Chapter 1- Concepts
There are a handful of concepts intricately connected and are an absolute must for understanding how inventory transaction flows throughout the system, what is affected and how the subledger is connected to the general ledger. Posting an inventory transaction has three important pieces. 1) To track quantity, records are posted to the item ledger entry […]
Inventory to GL Reconciliation Series – Introduction
For the past several years, I’ve presented sessions on Reconciling Inventory to the GL for Dynamics NAV and Business Central at various events such as Focus, Summit, Directions, All-Star webinars and others. With over 26 years working in BC/NAV and helping numerous customers reconcile inventory to the general ledger, my knowledge on this subject has […]