Item Types and Clearing Accounts

There are two different types of inventory. These are "Stock" and "Virtual". Each have a unique set of general ledger accounts that are posted against during transaction processing in Acclamare. The balances reflected on your Balance Sheet will tie out to different combination of inventory valuation and unmatched receipt reports. The attached document provides a detail explanation of the inventory types, how they are setup, and the posting impacts upon general ledger and reports.

Item Types And Impact Upon Receiving and Invoicing.pdf