part type R versus part type N
Paper towels, copy paper, screw drivers, inserts, brooms ….ANYTHING we bought I put as a part TYPE "R" because I thought purchased part meant purchased part. However after reading the forum I think I should have been using part TYPE "R" for only raw material or items being sold to a customer.
I literally have thousands and thousands of part number that are type R that I think should be part type N. In my quest to get item classes to put the GL on a PO i discovered this and now want to change all those part numbers from item type R to item type N.
What are the ramifications if I just manually changed all the R types to type to N thru IN-B?
I am hoping changing these bought parts to an N Type will allow item classes to get on the Purchase Order rather that my WIP inventory account. Maybe the fact that the part type is an R does not allow the item class to override the default.
Thanks
Laura
Quote from lmk223a on 08/16/07 at 06:05:51:
We use this IN-F report to reconcile our general ledger to inventory: Raw material (type R) and Finished goods (type A & F), and usually do not have much unexplainable variation.
If you change classes on part numbers this would explain some general ledger variation, as the dollar investment changed from one class to another. An adjusting journal entry would need to be performed to move the dollars in the general ledger.