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How to: Register Opening Item Entries

To record inventory on hand of individual items, you must post an entry for each item number. Before you can do this, you must set up all your items on item cards.

To register opening item entries

  1. In the Search box, enter Item Journal, and then choose the related link.

  2. Fill in a line in the item journal for every item. In the Entry Type field, select Positive Adjmt.

  3. In the Unit Amount field, enter the price per unit of the item so that the item card is updated with the correct direct unit cost and unit cost. The total amount of the posted item entries, the total of all amounts in the Amount field in the item journal, must correspond to the amount posted to the general ledger account for inventory.

See Also

Other Resources

The Post Inventory Cost to G/L Batch Job
Posting Purchases and Inventory Adjustment