The Inventory G/L Report/Update provides an accounting record of inventory transactions. General Ledger accounts are debited and credited based on General Ledger Account Codes maintained in the Inventory G/L Department File Maintenance. The posting to the designated General Ledger year end period is determined by the inventory transaction date. If the multi-company option is being used, this report will print with a screen break by company code. After the report prints, review it for accuracy.

After the report is previewed, the update will move the G/L detail information into the General Ledger. The update records the transaction type (such as job requisition, receipt, adjustment, transfer) in the G/L detail file in the "REF 1" field. This information is then available in G/L Inquiry /Itemization and on the G/L Trial Balance Report and G/L Transaction Journal.

"Balanced Entry" protection is incorporated into this function to assure the General Ledger will stay in balance. If debits do not equal credits (such as due to a power failure or data error), the software will provide a special screen message and disallow update until the problem is corrected. Consult the support desk at Viewpoint for instructions if it is necessary to correct an out-of-balance error.