Reference: Consigned Inventory Transaction Accounting
Workday creates accounting entries for consignment transactions that result in a payment
obligation. For these consignment transactions, Workday creates a:
- Credit accrued liability.
- Debit spend entry (debit inventory adjustment for adjustment transactions).
Transaction | Accounting Entry Created |
|---|---|
Decrease adjustment when the adjustment reason isn’t Exclude from Consigned
Payment . | Yes |
Issue stock request shipments. | Yes |
Move goods from a consignment location to an owned location. | Yes |
Quick issue. | Yes |
Decrease adjustment when the adjustment reason is Exclude from Consignment
Payment. | No |
Increase inventory adjustment. | No |
Put away of consigned items. | No |
Transfer shipments. | No |