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Transfers

The Inventory Transfer option provides the user with the ability to transfer product between the same or different items codes and apply standard yields in the process. The transfer will track the item sold and produced, by the transfer, back to the raw material item that produced it. This assists the user in calculating the item cost on the Settlement Report on individually lot costed items that were received on a Settlement type purchase order.

Inventory transfers allow inventory to be moved from one item lot into another without changing inventory valuation. Inventory of unlotted items can also be transferred to "none", which will write off the inventory quantity and valuation. An inventory type cost adjustment reason for transfers to "none" will be recorded along with the write off. The cost adjustment posts to a separate general ledger account and allows the user to keep track of why the inventory is being written off in the Inventory Adjustment Report.

Transfers can be used for many purposes:

to move inventory from a purchase item code into a processing item code, which is then used to create work orders
to consolidate many different lots of an item into a single lot
to move inventory from one location to another
to move inventory from one code into another when repackaging is required
(on unlotted items) to write off or remove inventory from the system.

Transfers also allows a yield to be taken; e.g., the Transfer From weight does not need to equal the Transfer To weight. Whereas production yields are tracked for work orders, yields taken in transfers are not tracked by the system. The transfer process generates accounting transactions only when weight is transferred from one item to another item with a different sales category or when the item is transferred to "none".

Available Actions

Using

Adding

Printing

Viewing

Voiding

Transfers Fields

Transfer	The system-assigned transfer number for the transfer. Transfer numbers are assigned sequentially beginning with the date followed by 01 every day. For example, the first transfer lot created on 01/01/11 would be lot T0101-TR-01.
From	The item code of the item to be transferred from.
Item Name	The item name of the "From" item selected.
On Hand	The current on-hand balance before the transfer and unit cost in the stocking unit of measure.
Transfer	The quantity to be transferred for the "From" item. The "From" item quantity will display as a negative number.
On Hand	The on-hand balance after selecting the quantity to transfer
Lot	The lot number selected for the "From" item. If multiple lots were selected, the word "Multiple" will appear to indicate more than one lot was selected. For lotted items, the Location Id will appear before the lot number.
Cool	The COOL Identity for the lot selected. If multiple lots were selected, with different COOL identities, the word "Multiple" will appear to indicate more than one COOL lot was selected. If the item COOL level is set to Loose, the word "Loose" will appear (if a COOL identifier has not been assigned to the lot). See COOL rules for more information on how COOL identity ID's are assigned and defaulted.
Info	The item info lot attributes for the lot selected. If multiple lots are selected with different attributes, only the matching attributes will be displayed.
Unit Cost	The Unit cost in the invoicing unit of measure for the from item

To	The item code of the item to be transferred to.
Item Name	The item name of the transfer "To" item.
On Hand	The current on-hand balance before the transfer and unit cost in the stocking unit of measure.
Transfer	The quantity to be transferred into the "To" item in the stocking unit of measure and the unit cost of the transferred quantity.
On Hand	The on-hand balance after the transfer and the new unit cost for the "To" item.
Lot	For lotted items, the location ID and lot number for the "To" item. For unlotted items, the Transfer lot number will appear.
Cool	The COOL Identity for the to item. The COOL will default from the 'From" item selected. If multiple lots were selected, with different COOL identities, the user must select the appropriate COOL Identifier. See COOL rules for more information on how COOL identity ID's are assigned and defaulted.
Info	The item info lot attributes for the 'to" item. If multiple lots are selected with different attributes, only the matching attributes will be default from the "from' item.
Cost	The "To" item cost for this transaction and the new average cost for the "To" item in the invoicing unit of measure.
Yield	The yield of this transfer: "To" Weight / "From" Weight x 100 = Yield %. If the yield is 100% it will not display on the screen.

Security Required : Inventory - Inventory Transfer