Post Reply 
 
Thread Rating:
  • 0 Votes - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
Bulk inventory transfers
03-19-2017, 05:13 AM
Post: #1
Bulk inventory transfers
Found that the location transfer had been made but it had not reduced stock balance in the dispatching warehouse. I am assuming this is because the location transfer had yet to be 'booked' in at the other end. Is this by design?

I have a work around by creating a goods-in-transit warehouse for these transfers. Its an overseas shipment which can take between 20 and 75 days to get there depending on how it is shipped. I didn't want it booked in at the overseas location until we had a POD from the carriers but did want the dispatching warehouse to show the correct QOH?
Find all posts by this user
Quote this message in a reply
03-21-2017, 12:00 AM
Post: #2
RE: Bulk inventory transfers
When you perform a "Bulk Inventory Transfer - Dispatch" the stock quantities are not changed, but the quantity is show as "In transit". Only once the shipment has been received at the other end does the quantity change. Whilst the goods are in transit they are still an asset of the company, and so must be shown somewhere. In your scenario where there is a lengthy delay between shipment and receipt, would it perhaps be best to create a separate stock location called "In transit" where you could move the stock to?

Thinking about the accounting here are you actually transferring stock within the same accounting entity if it is being transferred abroad?

Tim
Visit this user's website Find all posts by this user
Quote this message in a reply
04-11-2017, 09:22 AM
Post: #3
RE: Bulk inventory transfers
(03-21-2017 12:00 AM)falkoner Wrote:  When you perform a "Bulk Inventory Transfer - Dispatch" the stock quantities are not changed, but the quantity is show as "In transit". Only once the shipment has been received at the other end does the quantity change. Whilst the goods are in transit they are still an asset of the company, and so must be shown somewhere. In your scenario where there is a lengthy delay between shipment and receipt, would it perhaps be best to create a separate stock location called "In transit" where you could move the stock to?

Thinking about the accounting here are you actually transferring stock within the same accounting entity if it is being transferred abroad?

Tim
Yes - the 'in transit' warehouse works best for this scenerio and yes it is the same company with international hubs to resupply. Thanks for your reply
Find all posts by this user
Quote this message in a reply
Post Reply 


Forum Jump:


User(s) browsing this thread: 1 Guest(s)