GL Account - Purchase Clearing

The GL Account that is used for the following Transaction journal entries:

• AP Invoices: The debit account used for purchase order line items with a 'Distributed To' value of either Item, Landed, Layer-Lot or Layer-Transaction. 
• AP Credit Memos: The credit account used for purchase order line items with a 'Distributed To' value of either Item, Landed, Layer-Lot or Layer-Transaction.

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 Receipts: The credit account used for purchase order line items.
• Cost Applications: The GL Account used when matching AP Invoices to Receipts for purchase order line items.