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Item Ledger Entries

Item Ledger Entries

Owned by Scott Zhuo
Last updated: Oct 03, 2024
1 min read

Overview

Item Ledger Entries are used to track the movement of inventory within GoldFinch. Each time a transaction affecting inventory is posted—whether it's a shipment, receipt, consumption, output, or adjustment—an entry is made in the Item Ledger. These entries provide a detailed history of inventory activity, making it easier to manage stock levels and perform audits.

Key Transaction Types

  • Shipments: Tracks the reduction of inventory when items are shipped to customers.

  • Receipts: Records the addition of inventory when items are received from vendors or internal transfers.

  • Consumption: Logs the usage of inventory components during production or assembly processes.

  • Output: Reflects the creation of finished goods from work orders, adding them to inventory.

  • Adjustments: Captures manual changes to inventory, such as corrections for discrepancies or reclassifications.

 

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