Asset tracking in inventory as qty only
Summary:
I’d like to get your advice on a specific case we’re facing. We are using Encumbrance Accounting and Budgetary Control, and we need to receive assets into inventory while tracking quantities only (without cost). During receiving, the Asset Clearing account should be debited.
Could you please advise on the best configuration we should apply — from the Costing, Organization, and Item perspectives — to ensure the full accounting flow works correctly (Encumbrance journals, asset journals, etc.)?
For your reference:
- We will use one organization for these assets.
- Cost control will be at the inventory organization level.
Appreciate your guidance on the optimal setup to achieve this.
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