Consumption Entry

Consumption Entry

Consumption Entry  

Purpose : To make track of stock which is consumed for organisation use
Pre-requirement : If the Ledger name is not Mapped follow the below steps:

1. Go to Tools → Configuration → Ledger Map

 

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2. Choose the Transaction as Stock Classification-In

 

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3. Create the Ledger in Accounts under Current Assets and choose the ledger name

 

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4. Click on Save button

 

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5. Choose the Transaction as Stock Classification -Out. Then Choose the ledger name.

6. Click on Save button


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In this way you can add the Ledger name

 

To create the Consumption Entry :

1. Go to Inventory → Inventory Classification → Consumption Entry

 

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2. Choose the Ledger name

 

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3. Choose the item Code and enter the quantity you are going to consume.

4. Click on Save button

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FAQ :

Q1. How to create the 'Consumable' ledger to display in Consumption Entry LOV

Answer : From Dashboard go to Finance and Accounts → Master → Expenses → Enter the details as per the below attached screenshot → Click on SAVE.

Q2. How to create the ledger to display in 'Ledger Mapping' screen

Answer : From Dashboard go to Finance and Accounts → Master → More → Assets → Enter the details as per the below attached screenshot → Click on SAVE.

Q3. How to refer the 'Consumption Entry in reports?

Answer : From Dashboard, go to Reports → Inventory → Stock Movement → Consumption Report.

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