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Account definition

This maintenance program provides the definition for the General Ledger Stock Obsolescence provision Journals. Journals are generated by companies

Add stock obsolescence GL definition

  1. In the menu expand, Base Modules > General Ledger > Other > Stock Obsolescence > Maintenance and then double-click GL Stock Obs Definition Maint. DSM429A Stock Obsolescence GL Definition panel appears. 
  2. Select the Formula set for which G/L definition is to be added and click OK. On the next panel, existing stock obsolescence GL definitions for the selected Formula set are displayed.
  3. Click function Add. DSM429A Stock Obsolescence GL Definition panel appears in add mode.
View available fields on this panel
Field Description
Sequence The sequence number is given to identify the order of priority in instances where multiple definitions exist.  The lower the number the higher the priority.
Company This is company for which GL definition is to be added. This is mandatory entry.
Level 1-5

Hierarchy levels classify Titles into groups based on levels such as publishers, authors, subjects and so on. Indicate the Levels from 1 to 5 that are to be included in the stock obsolescence GL definition. To accept all use *** as a wildcard.
Classification type Title classifications define different Title groupings which are user defined.  For example, Markup Classes, Supplier Pack Quantities, Specialty Groups etc. Enter the Classification type to be used in the formula definition or use * to include all classification types.
Classification code Title classification codes work in conjunction with classification types.  They define a specific value within the classification type.  For example, ‘Author’ is a classification type and therefore a classification code would be a specific author. To accept all use *** as a wildcard.
Item This is the item to be used in GL definition.
Warehouse This is the warehouse to be used in GL definition.
GL company This is company number to which GL account transactions are to be posted.
Expense GL account This is the Expense GL Account for Provision Journals. It is the GL account to which the obsolescence provision will be posted at the expense level within the profit and loss.
Control GL account This is the Control GL Account for Provision Journals. This control account is the balance sheet account to which the total obsolescence provision will be coded.
  1. Enter the above information and click OK to confirm. New stock obsolescence GL definition is added.
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