Posting Accounts are used on below menus:

• Inventory "In" or "Out" Adjustment - Adjustments are posted from Post Adjustments to FMIS  (521-1)
• Stock Take - Stock Take are posted from Post Adjustments to FMIS  (521-1)
• Purchases - Purchases are posted from Post to Accounts Payable (577)
• Posting Account are tagged to Inventory on the Product Master .
  

Notes:

1. General Ledger accounts should be present in the FMIS database for successfully integration

Steps to create Price Class

Click on the "Green Plus Sign". This will open the "Edit Form".
1. Enter below details:
   1. Code - Enter a code which can be a set of alphanumeric values to uniquely identify each posting account.
   2. Description - Enter the detailed description of the posting account.
   3. Enter the "General Ledger Accounts" for the below: 
      1. Asset
      2. Sales
      3. Returns
      4. Cost of Goods Purchased
      5. Cost of Goods Sold
      6. Cost Variance
      7. Work In Progress
      8. Transfer
      9. Transfer Variance
      10. Quality Control
      11. Unearned Revenue
      12. Tax
      13. Purchase Commitment
      14. Sales Commitment
      15. Clearing Account
      16. Adjustment Write ON
      17. Adjustment Write Off
   4. Notes - This is an open text field, users can enter desired content.
   5. Default - Tick the "Check Box", to mark it as default.Users can mark a posting account as default whereby if a user creates an inventory and does not select the posting account, the item will be created with the default posting account.
   6. Void - Void records will be "Disabled" and will not appear in any lookups . Edit the record and "UN-tick" void to activate a record.
   7. Save. Click on the "Floppy Icon".

Figure 1 : Posting Account