Two-Step Transfers: Generated Transactions

To track a movement of stock items between warehouses, you create and release a two-step transfer on the Transfers (IN304000) form and a related inventory receipt on the Receipts (IN301000) form. To track these movements in a general ledger the system generates GL transactions described in the following section.

Transactions Generated for Two-Step Transfers

When you create and release a two-step transfer, the system generates the following general ledger transactions:


Account	Source of Account	Debit	Credit
Inventory account	Posting class settings on the Posting Classes (IN206000) form	0.00	COGS amount
In-Transit account	Inventory preferences on the Inventory Preferences (IN101000) form	COGS amount	0.00

You can view the reference number of the GL batch on the Financial tab of the Transfers (IN304000) form.

Note: If the transfer is performed between warehouses in different companies, the system generates intercompany transactions when you release the two-step transfer and links these transactions to the transfer.

As a result of a two-step transfer being released, the on-hand quantity of the items in the source warehouse has been decreased.

After you have released the two-step transfer, you need to create an inventory receipt to record receiving items in the destination warehouse. When an inventory receipt is released, the system generates a batch of the following GL transactions:


Account	Source of Account	Debit	Credit
In-Transit account	In-Transit layer (that is, the account specified in the inventory transfer)	0.00	COGS amount
Inventory account	Posting class settings on the Posting Classes (IN206000) form	COGS amount	0.00

You can find the reference number of the GL batch on the Financial tab of the Receipts (IN301000) form.

As the result of the receipt being released, the on hand quantity of the items in the destination warehouse has been increased, as you can view on the Inventory Allocation Details (IN402000) form.