The Transhipment document provides the ability to transfer stock from one entity to another. An example is provided where a quantity of 5, Product Code CD105, is transferred from the Entity LDHO to the Entity LDME.
'Send' removes (credits) Stock from an entity with a balancing debit posting to the account BALANCE : XFER OUT : Non Current : Proprietor.
'Receive' increases (debits) Stock in an entity with a balancing credit posting to the account BALANCE : XFER IN : Non Current : Proprietor.
Transhipment Out: Signed into LDHO, within the Transhipment Document the Entity LDME (to which stock is to be sent) is selected, striking Enter in a blank Transfer No field (passing through this field) will allocate a Transfer No: OUT 000004.
The Number of Items and Product are entered, and 'Send' from the ribbon is clicked.
Transhipment In: Signed into LDME, within the Transhipment Document the Entity LDHO (from which stock has been sent) is selected, F12 or Right mouse click search in the Transfer No field will show an IN 000004. Reports > Status > Transhipments will also show a complete overview of open Transhipments, with an option to view completed Transhipments and details.
Stock > Transhipment
Page 2 Stock > Transhipment
The Transhipment document in LDHO is populated as below.
Enity: Select the Entity to which the Product Code will be transferred to, LDME Transfer No: Strike Enter on the keyboard to pass through this field, a Transfer No will be automatically assigned. This will also populate the Delivery Key and Ship Date fields in the head of the document.
In the body of the document enter the Items, Product Code.
'Send' from the ribbon will turn the document white, preventing further entries. The Stock Account in LDHO will be reduced by 5 The Stock Account in LDHO will show Transhipments Out: 5 The Stock Account in LDME will show Transhipments In: 5
Stock > Transhipment
Page 3 Stock > Transhipment
Reports > Status > Transhipments can be run in each Entity, LDHO and LDME to review the status.
LDHO
Signed into LDME
Stock > Transhipment
Page 4 Stock > Transhipment
LDHO Transhipment is 'Sent'. Stock: Is reduce from 30 to 25. Transhipments Out: 5
LDME Transhipment is not yet "Received" in the LDME Transhipment document. Stock: 0 Transhipments In: 5
Stock > Transhipment
Page 5 Stock > Transhipment
Signed into LDME, the Entity LDHO is selected in the head of the document in the Entity field. Transfer No IN 000004 is selected.
'Receive' from the ribbon is clicked and the stock is received into LDME.
Stock > Transhipment
Page 6 Stock > Transhipment
After 'Receive' is clicked in the LDME Transhipment document, the LDME Stock Account shows 5 in Stock.
Transhipment 000004 is complete. Reports > Status > Transhipments.
Stock > Transhipment
Page 7 Stock > Transhipment
LDHO:
A credit to INVENTORY : CD105 is balanced by a debit to BALANCE : XFER OUT : LDHO (Non-Current : Proprietor)
LDME:
A debit to INVENTORY : CD105 is balanced by a credit to BALANCE : XFER IN : LDME (Non-Current : Proprietor)
Stock > Transhipment
Page 8 Stock > Transhipment
Reports > General Ledger > Consolidated > Balance Sheet
The example Consolidated Balance Sheet shows the Transhipment of these products at the same cost balancing to a nett transaction of zero.