Basic Inventory
Set up items that you carry in your stock and specify their unit of
measures, costing method, inventory posting group, unit cost
and price and other properties. Post item transactions, such as
sales, purchase, negative and positive adjustments from item
journals. Quantity and cost records of the posted transactions
are stored in the inventory ledger that is the basis for inventory
valuation and other costing calculations.
Integrated with General Ledger and with the posting processes
in Sales and Receivables and Purchase and Payables, this granule
is required for the configuration of all other Inventory granules.