GL Account - Inventory Balance Sheet

The GL Account that is used for the following Costing journal entries: This only applies to the 'Actual' cost of Items with a Costing Method of "Active". 

• Inventory Adjustments & Cycle Counts: The debit account used for item balance increases and the credit account used for item balance decreases. 
• Inventory Production (Inputs): The credit account used for the decreased value of inventory that was consumed during production.
• Inventory Production (Outputs): The debit account used for the increased value of inventory that was created during production.
• Inventory Receipts: The debit account used for the increased value of inventory that was received.
• Inventory Transfer: The debit account used to show the increased value of inventory in the receiving Site and the credit account used to show the decreased value of inventory in the sending Site.
• Sales Order: The credit account used for the decreased value of inventory that was shipped to a customer.
• Sales Return: The debit account used for the increased value of inventory that was returned by a customer.
• Inventory Valuation changes (manual changes): The debit account used for item valuation increases and the credit account used for item valuation decreases.