Types of Miscellaneous Transactions
There are six types:
- Miscellaneous receipt
- Miscellaneous issue
- Account receipt
- Account issue
- Account alias receipt
- Account alias issue
Use of Miscellaneous Transactions
- With a miscellaneous transaction you can issue material to or receive material from general ledger accounts in your current organization.
- This allows you to issue material to groups that are not inventory, receiving, or work in process such as a R&D group or an accounting department.
- You can also make manual adjustments to the general ledger by receiving material from one account to inventory, and then issuing that material from inventory to another account.
- You can use your user-defined transaction types. You can use this feature to issue items to individuals, departments, or projects; or to issue damaged items to expense accounts such as scrap Inventory.
- You can perform the receipts for items that were acquired by means other than a purchase order from a supplier.
- You can also use this feature to load all item on-hand quantities when you start implementing Oracle
The list given above is not complete.... reader are requested to add other point in
comment section...
