Warehouse Information

Overview:

The Warehouse Information window allows users to establish warehouses, which are used to maintain and report on Inventory counts and transactions. Use the Warehouse Information window to define the geographic location where you will keep the inventory, and to link the warehouse to the appropriate Organizational Unit (OU) within your company. Users define the General Ledger account # which will hold the value of the inventory stored in that warehouse. General Ledger accounts are defined at the Location class level, meaning there can be multiple Inventory GL accounts per warehouse. Other notable data-points associated with Warehouses include (but are not limited to): Tax Exempt Status, Tax Exempt Certification ID, Tax Jurisdictions, all of which may apply to inventory being transferred from a given warehouse.

Benefits:

Provides default values for tax-ability of Inventory exiting the warehouse
Allows for greater control and tracking ability to Inventory stored at a physical location.

Roles:

Inventory Manager
Inventory Clerk
Purchasing Manager

Additional Content

Updating Warehouse OU Id
Fix Inventory unit cost that is not correct in a warehouse
Accounts Receivable Field in Default Account Numbers for Warehouse Not Enabled
System Options (SO):
- 182 Inventory Product Unit Cost Basis: The value of this SO determines what per unit cost inventory should exit the warehouse at.
- 201 Allow Negative Inventory: This SO determines whether warehouse quantities on hand are allowed to have negative values
- 294 Inventory Standard Cost Valuation Method: SO 294 determines whether or not inventory balances should zero out when the last Inventory unit leaves a warehouse, this SO is only applicable to users whose system is set up to price warehouse inventory at Standard Price (Set using SO 182).

Location:

Inventory> Setup> Warehouse Information

Video: