26 Sep’19

D365 Business CentralInventory Posting Group and Inventory Posting Setup in Dynamics 365 Business Central

Inventory Posting Group: Use to specify the type of Inventory or group the item.

Inventory Posting setup: Use to combine Inventory Posting group with location codes. Each combination is then mapped to the inventory accounts, WIP account, and other variance accounts relating to inventory in the chart of accounts.

Steps: Set up Inventory Posting Group

  1. In the search option, enter the Inventory Posting Group and then choose the related link.

  1. Select New.
  2. In the Code field, type a unique identifier.
  3. In the Description field, type description of Inventory Posting Group.

 

Steps: Set up Inventory Posting Setup

  1. In the search option, enter Inventory Posting Setup and then choose the related link.

  1. Select New to insert a new line.
  2. In Location Code Field, select the relevant location to combine with the inventory posting group.

  1. Select the relevant inventory posting group in the Inventory Posting Group Code field.

  1. In each relevant account field, enter the G/L accounts that will be used to post transactions to:
  • Inventory Account: Specifies the number of the G/L account that item transactions with this combination of Location and Inventory Posting group posted to.
  • Inventory Account (Interim): Specifies the number of the G/L account to which to post the transactions with the expected cost for items in this combination.
  • WIP Account: Specifies the general ledger account number to which to post transactions for items in WIP inventory in this combination.
  • Material Variance Account: Specifies the number of general ledger account to which Material variance transactions for items in this combination.
  • Capacity Variance Account: Specifies the number of general ledger account to which to post capacity variance transactions for items in this combination.
  • Subcontracted Variance Account: Specifies the number of general ledger account to which to post subcontracted variance transactions for items in this combination.
  • Overhead Variance Account: Specifies the number of general ledger account to which to post capacity overhead variance transactions for items in this combination.
  • Overhead Variance Account: Specifies the number of general ledger account to which to post Manufacturing overhead variance transactions for items in this combination.

 

Steps: Assign Inventory Posting group to Item

  1. In the search option, enter Items and then choose the related link.

  1. Open the Item card
  2. Expand the Cost & Posting FastTab, in the Inventory Posting Group field, enter the appropriate posting group.

Conclusion: Inventory posting group and setup use to posts entry to the G/L account specified for the combination of inventory posting group and location code linked to the item line entry.

Written by

Mayur Pokharkar

Functional Consultant

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