Transactions Overview

Before you use the functions on the Transactions menu, set up your Items, Codes, and IDs using the functions on the Setup and Maintenance menu, and verify your items, codes, and IDs using the functions on the Master Lists and Interactive View menus. Use the Transactions functions for the following tasks:

Reflect sales and purchases, adjust quantities, and edit unposted transactions.
Move items from one location to another and edit transfers.
Print unposted transactions, transfers, cost-of-goods-sold (COGS) adjustments and purchase price variances (PPVs).
Post adjustments, sales, purchases, transfers, COGS adjustments, and PPVs.

Print the Transaction Journal, the Transfers Journal, and the GL Adjustments Journal to verify your unposted transactions. Use the Inventory Transactions or Location Transfers function to edit or delete transactions, and then reprint the appropriate journals.

Item, price, cost, serial, lot, and history information is updated when you post. If you interface Inventory to General Ledger, the GL Journal is also updated when you post. After you post transactions, use the Reports and Analysis Reports functions to analyze inventory movement, prices, costs, stock, sales, profit, trends, and serialized, lot, and transaction history.