In addition to Sales, Issues, Transfers, Adjustments, and Receipts...add a Transaction Type for Scrap.
When making the adjustment, the cost would go directly to a SCRAP account in GL.
Right now, have a scrap warehouse created. We adjust all scrap inventory to the SCRAP warehouse as it is created and then adjust it out once a month and update the SCRAP account in GL.
It would also give you the ability to write reports and sort by SCRAP transaction type
by: evan w. | over a year ago | Manufacturing
Comments
This is an excellent idea
You can transfer items to a scrap warehouse. Use Physical Inventory to freeze the warehouse which puts in a zero qtuantity then update the register.
That is what we currently do. It works, but it seams like a SCRAP transaction type would be more efficient. It would also would give some more reporting options.
I, too, feel that this is an excellent idea. Saves time.
It would be more useful if there were multiple SCRAP destinations for categories of items. Sometimes we use Inventory to track 3rd party raw materials that move through our systems and since we never own them, but are responsible for them, separating that out cleanly is important.
I agree, good idea
This would be a better idea, if you create a scrap warehouse then you have another warehouse you can never get rid of.
Also see this:
https://www5.v1ideas.com/TheSageGroupplc/Sage100ERP/Idea/Detail/12577
I found this similar request:
https://www5.v1ideas.com/TheSageGroupplc/Sage100ERP/Idea/Detail/12577
Excellent idea! Just completed our first month on Sage 100, and did the monthly production scrap as an Adjustment transaction and had to do a JE to reclassify it to the scrap account, not difficult but, would much prefer to have the option of a Scrap transaction entry, the would point directly to the scrap account.
When I do scrap, I use the Material Requisition. I can manually enter the GL there.