Specifies that the Automatic Cost Posting function is used.
If you use this function when posting items to an item account, the program will automatically post to the inventory account, adjustment account and COGS account in the general ledger.
If you use this function, however, it is still necessary to run the Adjust Cost - Item Entries (or use Automatic Cost Adjustment) and Post Inventory Cost to G/L batch jobs periodically. If you only use Automatic Cost Posting, your inventory account will not be accurate in cases where you do not know the cost of items at the time of sale. For example, if you sometimes sell before buying.
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For more information about how to work with fields and columns, see Work with Data. For more information about how to find specific pages, see Search. |