Issue Current® Item action

For both issues and returns, the GL account fields in the Issue Current Item window default in the same way that the GL account fields default in the Issues and Transfers application.

In the Inventory application, to issue an item, select Issue Current Item from the Select Action menu.

The date and time in the Entered Date field in the Issue Current Item window is used to determine the financial period for the transaction. The Entered Date field defaults to the system date and time.

When you click Save to issue the item, ISSUETYPE = ISSUE is written to the MATUSETRANS table.

Important: For LIFO and FIFO costing, if the current balance is decreased, multiple financial transactions might be generated. The transactions correspond to the actual cost that is used from the INVLIFOFIFOCOST table.

Example

Issue 20 bearings at $0.50 (issue cost).

Table 1. Source of GL account for average cost adjustment
Source GL account Debit Credit Source of GL account
  1. Inventory GL account (item resource code)
  2. If issued to a work order, uses work order GL account
  3. If issued to asset
    • Asset GL account
    • GL account of the location for an asset
  4. If issued to a location
    • If only one asset at location, asset GL account
    • Location GL account
20 x $0.50 = $10.00 20 x $0.50 = $10.00 Inventory control account

If you capitalize the item (bearings), the default credit account is the capital GL account, and the line cost is zero.