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Item Type on Item Card in Microsoft Dynamics Business Central

Posted on 15-Mar-2022 by Manish Mutha

Item Type on Item Card in Microsoft Dynamics Business Central

In Business Central, the Item Type field will be used to handle various types of Inventory & Service related scenarios

Business Central Types of Inventory

Option

Inventory

Non-Inventory

Service

     Brief Physical things, such as bicycles, telephones, and desks, for which you want to be able to use all inventory processes. This can also include non-physical items, such as software licenses and subscriptions, if the items have identification numbers, such as serial numbers. You can fully track item values and availability in inventory.

Typically, non-inventory items are physical things, such as bolts or pens, that a business consumes but does not want to fully track in inventory. For example, because they're low-cost items and are only used internally.fvcdscs

 

 

A labor time unit, such as a consultancy hour, for limited business support

 

 

 

 

 

Example of Products Type

Raw Material, Finished Goods, Packing Material, General Consumables, Spares, Trading Goods, etc

Stationery, One Time Repair & Maintenance Item, etc.

Service-related such as Consultancy Services, Labour Charges, Professional Fees, AMC Services

Accounting Impact – Purchase

Inventory A/c Dr.

 To Direct Cost Applied A/c

Purchase A/c Dr.

  To Vendor A/c

Expense Account Dr.

  To Vendor

Expense Account Dr.

  To Vendor

Item Ledger Entry Impact

Remaining Qty. = Qty. Purchase

Remaining Qty. = 0

Remaining Qty. = 0

Benefit

Complete Inventory functionality

Item Purchase Price, Item Sales Price, Pending PO & SO Tracking

Item Purchase Price, Item Sales Price, Pending PO & SO Tracking

Type of Inventory Transaction Execution

All types Purchase, Sales, Jobs

Purchase, Sales, Jobs

Limitation

N/A Service, Assembly, Production Order, Location Transfer, Inventory Revaluation, Inventory Costing, Item Tracking, Warehouse Management, Inventory Planning Service, Assembly, Production Order, Location Transfer, Inventory Revaluation, Inventory Costing, Item Tracking, Warehouse Management, Inventory Planning

#dyn365bc #DynamicsNAV #DynamicsBC #MicrosoftDynamics #MicrosoftDynamicsERP #Navision #MSDNAV #MSDBC #BusinessCentral

If need more information and for any types of enquires please feel free to contact us at SALES@LFSPL.COM

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