Posting Classes
You use this form to define posting classes for stock and non-stock items. A posting class is a group of settings that provide the default values for the purchase, sales, and inventory transactions with the item and define how these transactions will be posted to the General Ledger. By using this form, you can browse through the existing posting classes and modify their properties, add new posting classes, and delete obsolete classes from the system. For more details on posting classes, see Posting Classes: General Information and Inventory Transactions.
Form Toolbar
The form toolbar includes only standard buttons. For the list of standard buttons, see Form Toolbar and More Menu.
Summary Area
In this area, you can enter the identifier and description of a new posting class, or select an existing class to view or modify its details.
| Element | Description |
|---|---|
| Class ID | The unique alphanumeric identifier of the posting class. A string up to 10 characters may be used. |
| Description | A brief description of the posting class. |
General Tab
On this tab, you can specify how (from what sources) the accounts and subaccounts will be selected for specific-type inventory transactions that involve items of the class.
You can specify the rules of selecting segment values for subaccounts to be used in transactions of various types with items of the posting class. To set up the rule for subaccounts of specific type, for each segment in the subaccount mask, press F3 and choose a source of the segment value, which is one of the following options:
- I: The subaccount of this specific type associated with the inventory item. Subaccounts for stock items are specified on the GL Accounts tab of the Stock Items (IN202500) form and for non-stock items on the GL Accounts tab of the Non-Stock Items (IN202000) form.
- W: The subaccount of this specific type associated with the warehouse.
Subaccounts for warehouses are specified using the Warehouses (IN204000) form.
This option appears only if the Multiple Warehouses feature is enabled on the Enable/Disable Features (CS100000) form.
- P: The subaccount (of this specific type) associated with the posting class. Subaccounts for posting classes are specified on the GL Accounts tab of this form.
For a segment, the character designating the option is repeated as many times as there are characters in the segment. See Combined Subaccounts: General Information for additional information.
| Element | Description |
|---|---|
| Use Inventory/Accrual Account From | The source of the inventory account (of the Asset type)
for stock items or expense accrual account (of the Expense or
Liability type) for non-stock items that are components
of stock kits or labor items to be used for transactions that
involve items assigned to this posting class. You can select one of
the following options:
For more information, see Inventory Transactions. |
| Combine Inventory / Accrual Sub. From |
A subaccount rule that defines how the subaccount to be used with the inventory account (or expense accrual account for non-stock items or labor items) is composed for transactions that involve items of the posting class. This box appears only if the Subaccounts feature is enabled on the Enable/Disable Features (CS100000) form. |
| Use Sales Account From | The source of the sales account to be used for inventory
transactions of the Issue type that involve items of the
posting class. You can select one of the following options:
For more information, see Inventory Transactions. |
| Combine Sales Sub. From |
A rule that defines how the subaccount used with the sales account is composed for inventory transactions that involve inventory items of the posting class. This box appears only if the Subaccounts feature is enabled on the Enable/Disable Features (CS100000) form. |
| Use COGS / Expense Account From | The source of the COGS (for stock items) or expense (for
non-stock items) account to be used for inventory transactions that
involve items of the posting class. You can select one of the
following options:
For more information, see Inventory Issue Processing. |
| Copy COGS Sub. from Sales |
A check box that indicates (if selected) that the system will copy the COGS or expense subaccount from the sales subaccount. When this check box is selected, you cannot define the rule in the Combine COGS / Expense Sub. From box. This check box appears only if the Subaccounts feature is enabled on the Enable/Disable Features (CS100000) form. |
| Combine COGS / Expense Sub. From |
The rule that defines how the subaccount to be used with the COGS (for stock items) or expense (for non-stock items) account is composed for transactions that involve items of the posting class. Combine COGS / Expense Sub. From is enabled only if the Copy COGS Sub. from Sales check box is cleared. The sources of the segment values are Warehouse, Posting Class, and Inventory Item. This box appears only if the Subaccounts feature is enabled on the Enable/Disable Features (CS100000) form. |
| Use Std. Cost Variance Account From |
The source of the standard cost variance account to be used for the inventory transactions with items of the posting class. You can select one of the following options:
For more information, see Item Costs and Valuation Methods: General Information. |
| Combine Std. Cost Variance Sub. From |
The rule that defines how the subaccount to be used with the standard cost variance account is composed for the inventory transactions that involve inventory items of the posting class. This box appears only if the Subaccounts feature is enabled on the Enable/Disable Features (CS100000) form. |
| Use Std. Cost Revaluation Account From | The source of the standard cost revaluation account to be used for inventory
transactions involving items of the posting class. You can select
one of the following options:
For more information, see Item Costs and Valuation Methods: General Information. |
| Combine Std. Cost Revaluation Sub. From |
A rule that defines how the subaccount to used with the standard cost revaluation account is composed for the inventory transactions that involve inventory items of the posting class. This box appears only if the Subaccounts feature is enabled on the Enable/Disable Features (CS100000) form. |
| Use PO Accrual Account From | The source of the PO accrual account to be used for the purchase
receipts and inventory transactions with items of the posting class.
You can select one of the following options:
|
| Combine PO Accrual Sub. From |
The rule that defines how the subaccount to be used with the PO Accrual account is composed for purchase receipts and inventory transactions that involve inventory items of the posting class. This box appears only if the Subaccounts feature is enabled on the Enable/Disable Features (CS100000) form. |
| Use Purchase Price Variance Account From | The source of purchase price variance account to be used for
inventory transactions that involve items of the posting class. You
can select one of the following options:
For more information, see Allocating the Purchase Price Variance. |
| Combine Purchase Price Variance Sub. From |
The rule that defines how the subaccount to be used with the purchase price variance account is composed for the inventory transactions that involve inventory items of the posting class. This box appears only if the Subaccounts feature is enabled on the Enable/Disable Features (CS100000) form. |
| Use Landed Cost Variance Account From | The source of landed cost variance account to be used for
inventory transactions involving items of the posting class. You can
select one of the following options:
For more information, see Processing Landed Cost Documents. |
| Combine Landed Cost Variance Sub. From |
A rule to define how the subaccount to be used with the landed cost variance account is composed for the inventory transactions that involve inventory items of the posting class. This box appears only if the Subaccounts feature is enabled on the Enable/Disable Features (CS100000) form. |
| Phys. Inventory Reason Code | For stock items only, the reason code to be used by default for physical inventories involving items associated with this posting class. For more information, see Reason Codes: General Information. |
| Use WIP Account From | The source of the work in process (WIP) account to be used for
new production orders involving items of the posting class. You can
select one of the following options:
This element is displayed only if the Material Requirements Planning or Distribution Requirements Planning feature is enabled on the Enable/Disable Features (CS100000) form. |
| Combine WIP Sub from |
The rule that defines how the subaccount to be used with the WIP account is composed when users create a production order that involves inventory items assigned to the posting class. This box is displayed only if the Subaccounts and the Manufacturing features are enabled on the Enable/Disable Features (CS100000) form. |
| Use WIP Variance Account From |
The source of the work in process (WIP) variance account to be used for new production orders involving items of the posting class. You can select one of the following options:
This element is displayed only if the Material Requirements Planning or Distribution Requirements Planning feature is enabled on the Enable/Disable Features (CS100000) form. |
| Combine WIP Variance Sub From |
The rule that defines how the subaccount to be used with the WIP variance account is composed when users create a production order that involves inventory items assigned to the posting class. This box is displayed only if the Subaccounts and the Manufacturing features are enabled on the Enable/Disable Features (CS100000) form. |
GL Accounts Tab
On the GL Accounts tab, you can specify the General Ledger accounts and subaccounts that are assigned as the default accounts to new items of the posting class. Also, these accounts and subaccounts are used as one of the sources for selecting accounts and combining subaccounts for transactions of specific types with the items of the class. For details on how the accounts and subaccounts listed on this tab are used in various inventory transactions, see Inventory Transactions.
| Element | Description |
|---|---|
| Inventory/Accrual Account | An account that is one of the following:
The account selected in this box should be configured as a control account for the inventory subledger. That is, for this account, IN should be selected in the Control Account Module column on the Chart of Accounts (GL202500) form. For more information on control accounts, see Control Accounts: General Information. |
| Inventory / Accrual Sub. |
The subaccount to be used with the inventory account (expense accrual account) associated with the posting class. This box appears only if the Subaccounts feature is enabled on the Enable/Disable Features (CS100000) form. |
| Reason Code Sub. | A subaccount used as a source of segment values for subaccounts that are generated according to the rules defined by the Combine Offset Sub. from box on the Reason Codes (CS211000) form. This subaccount's segment values are used for those segments of the resulting subaccount for which the Posting Class (P) option is selected in the Combine Offset Sub. from box. |
| Sales Account | The income account to be used as the sales account associated with the posting class. |
| Sales Sub. |
The subaccount to be used with the sales account associated with the posting class. This box appears only if the Subaccounts feature is enabled on the Enable/Disable Features (CS100000) form. |
| COGS / Expense Account | An account that is one of the following:
|
| COGS / Expense Sub. |
The subaccount to be used with the COGS or expense account associated with the posting class. This box appears only if the Subaccounts feature is enabled on the Enable/Disable Features (CS100000) form. |
| Standard Cost Variance Account | The expense account to be used as the standard cost variance account associated with the posting class. |
| Standard Cost Variance Sub. |
The subaccount to be used with standard cost variance account associated with the posting class. This box appears only if the Subaccounts feature is enabled on the Enable/Disable Features (CS100000) form. |
| Standard Cost Revaluation Account | The expense account to be used as the standard cost revaluation account associated with the posting class. |
| Standard Cost Revaluation Sub. |
The subaccount to be used with standard cost revaluation account associated with the posting class. This box appears only if the Subaccounts feature is enabled on the Enable/Disable Features (CS100000) form. |
| PO Accrual Account |
The liability account to be used as the PO accrual account associated with the posting class. The account selected in this box should be configured as a control account for the purchase orders subledger. That is, for this account, PO should be selected in the Control Account Module column on the Chart of Accounts (GL202500) form. For more information on control accounts, see Control Accounts: General Information. |
| PO Accrual Sub. |
The subaccount to be used with PO accrual account associated with the posting class. This box appears only if the Subaccounts feature is enabled on the Enable/Disable Features (CS100000) form. |
| Purchase Price Variance Account | The expense account to be used as the purchase price variance account associated with the posting class. |
| Purchase Price Variance Sub. |
The purchase price variance subaccount to be used for the default posting class. This box appears only if the Subaccounts feature is enabled on the Enable/Disable Features (CS100000) form. |
| Landed Cost Variance Account | The expense account to be used as the landed cost variance account associated with the posting class. |
| Landed Cost Variance Sub. |
The subaccount to be used with the landed cost variance account as associated with the posting class. This box appears only if the Subaccounts feature is enabled on the Enable/Disable Features (CS100000) form. |
| Deferral Account |
The account to be used to hold the deferred amount until it is fully recognized. The account type should be specified as follows:
The account selected in this box should be configured as a control account for the deferred revenue subledger. That is, for this account, DR should be selected in the Control Account Module column on the Chart of Accounts (GL202500) form. For more information on control accounts, see Control Accounts: General Information. |
| Deferral Sub. |
The subaccount to be used with the deferral account. This box appears only if the Subaccounts feature is enabled on the Enable/Disable Features (CS100000) form. |
| Work in Process Account |
The asset account to be used to maintain the balance of work in process for this stock item. This element is displayed only if the Material Requirements Planning or Distribution Requirements Planning feature is enabled on the Enable/Disable Features (CS100000) form. |
| Work in Process Subaccount |
The asset subaccount to be used to maintain the balance of work in process for this stock item. This element is displayed only if the Material Requirements Planning or Distribution Requirements Planning feature is enabled on the Enable/Disable Features (CS100000) form. |
| WIP Variance Account |
The expense account to be used to record the work in process variance when production orders are financially closed. This element is displayed only if the Material Requirements Planning or Distribution Requirements Planning feature is enabled on the Enable/Disable Features (CS100000) form. |
| WIP Variance Subaccount |
The expense subaccount to be used to record the work in process variance when production orders are financially closed. This element is displayed only if the Material Requirements Planning or Distribution Requirements Planning feature is enabled on the Enable/Disable Features (CS100000) form. |