Demo video: Multi Company Stock Location Account
The problem
With the auto inventory valuation configuration of the system, when you transfer goods in/out locations (e.g. Inventory adjustment, Production), the system will also generate accounting journal entries automatically based on those stock valuation accounts.
However, these Stock Valuation Accounts fields of the stock location model do not respect the multi-company environment.
In other words, every inventory adjustment move will be encoded into the same company's accounts no matter the company of the adjustment.
The solution
- This module fixes the above problem by supporting a multi-company environment for stock location's valuation accounts.
- With this module, every inventory adjustment/manufacturing moves now respect the company of the operation.
Editions Supported
- Community Edition
- Enterprise Edition
Installation
- Navigate to Apps.
- Search with keyword to_multi_company_stock_location_account.
- Press Install.
Instruction
Instruction video: Multi Company Stock Location Account
1. Configuration.
2. Create a product and update the cost.
You create a product and create a purchase order for the same product with two different unit prices at two companies. In the view of the product from each company, you will see the different costs.
Note: You need to configure the automated inventory valuation.
3. Make an inventory plan.
In company 1, go to Inventory app > Operations > Inventory Adjustments, press Create to make an inventory adjustment of product. After finishing the product counting, you need to update the available product quantity into the Counted Quantity column. The difference between the On Hand Quantity and the Counted Quantity will be automatically computed.
Go to Accounting app > Accounting > Journal entries, and use the filter to fill out the auto adjustment journal entries in company 1.
As the same steps in company 1, you do it for company 2.
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