Inventory and Goods Movements

In this topic, we will look at how to move goods in, out and between warehouses.  You will learn how to create goods receipts and goods issues.  You will see how to create an inventory transfer document to move items between two warehouses, one of which is managed with bin locations.

Summary:

1.  Goods movements are recorded by both marketing documents and inventory transactions. 
2. The three main inventory transactions are: goods issue, inventory transfer and goods receipt. A goods receipt is used to receive items into a warehouse.
3.  A goods issue is used to transfer goods out of a warehouse. 
4. And the inventory transfer is used to transfer items between warehouses. 
5. A warehouse is required on all inventory documents.  If one is not manually entered into the transaction, the default warehouse for the item will be assigned. You cannot enter a business partner on a goods receipt or goods issue, unlike marketing documents which always require business partners. 
6. An inventory transfer request can be used to commit the movement of stock from one warehouse to another. It is possible to specify a business partner on an inventory transfer.
7.  If you activate bin locations for a warehouse, then a bin location is required every time you use that warehouse on inventory documents. When using perpetual inventory, each goods movement automatically creates a journal entry.

 You can also download the document here for your records.