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The Inventory Posting Setup determines the Inventory Accounts and Variance Accounts

The Posting Setup
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An intermediate video requires some previous experience with Business Central, but it is still easily accessible to most people. Intermediate A "configuration"-video is about how you configure your solution and get it ready for use. Typically, these videos are quite advanced. Configurations In the "overview"-videos we draw the big picture to provide you with an understanding of how the solution is structured. Overview
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Presenter: Sune Lohse, Chief Strategy Officer

How does the inventory posting setup determine the inventory and variance accounts in Business Central?

The inventory posting setup in Business Central determines, where in my inventory accounts in the balance, items should be posted, when receiving or selling the items.

This is what happens in the video

And in Business Central it looks like this.

If i go in to my inventory posting setup, I see it’s a combination of location code and inventory posting group code.

It determines the accounts, that it post in to.

Let’s see how it works, when we draw it.

My inventory posting setup, is basically, coming from my location and the inventory posting groups.

The inventory posting groups, applies to items, where I define, where my items should be posted in my balance, when I’m receiving or selling things on my inventory.

Both my location and my items applies to documents, sales orders, purchase orders etc.

Thereby, it’s transferred into journals, when I do the posting and further on, with my inventory posting setup, determining which charts in my chart of accounts they should be posted in to.

This means, in my inventory posting setup, a matrix shows, which kind I’m posting and from where I’m posting.

The kind, could be setup on the item card, such as raw materials, resale, semifinished, finished or whatever you want to setup.

And what’s my location code, from where I’m posting.

In that combination, by raw material from my main warehouse, it’s determined, which charts in my chart of accounts it should be posted on etc., on the other combinations.

This is how my inventory posting setup works and the specific columns are explained in another video.