GL Transactions

These transactions update to the general ledger when a kitset parent make-to-stock transaction is processed. Transaction values are multiplied by the transaction quantity required:

Components issued at cost

[Debit]

Kitset Parent Inventory Account$ Sum of component costs + non-stock value if applicable *

[Credit]

Component Inventory Accounts$ Component cost

[Credit]

Non-Stock Sales Account *$ Value of non-stock item

* Only applicable if a non-stock line type is one of the kitset components.

Components issued at selling price

[Debit]	Kitset Parent Inventory Account Selling price of component items, based on pricing method
	+ non-stock value if applicable *

[Credit]

Component Inventory Accounts$ Component cost

[Credit]

Kitset Variance Account$ Difference between component sell price & cost

[Credit]

Non-Stock Sales Account *$ Value of non-stock item

* Only applicable if a non-stock line type is one of the kitset components.

The Kitset Variance Account is specified on the Distribution Modules sub tab on the Integration tab of the General Ledger Module Control form.

Note: All transactions is posted into the accounting period for the Posting Date entered on the Kitset Parent Make-to-Stock form.