Item groups

The item groups form consists of three lists:

• Item groups
• Item types
• Dimension groups

Firs one controls how transactions are posted to the general ledger.

The following components can be distinguished:

where

Field	Description
I. Receipt	Receipt – when an item is purchased, its acquisition cost is posted here.
I. Cost Difference	Cost Difference – if a purchase is reversed and the cost differs from the average, the difference is posted here.
II. Receipt	Receipt via inventory journals.
II. Issue	Issue via inventory journals.
II. Counting loss/profit	Inventory discrepancy or surplus recorded via inventory journal.
III. Issue	Issue – cost of goods sold is deducted from inventory.
III. Cost	Cost – recorded as expense during sale.
III. Revenue	Revenue – sales price.
III. Discount	Discount amount subtracted from revenue.
IV. Production Issue	Production Issue – raw materials consumed in production.
IV. Production Issue Offset	Offset account for production issue.
IV. Production Receipt	Production Receipt – account for finished goods.
IV. Production Receipt Offset	Offset account for production receipt.