Removing outdated and unused stock

Hi - I was wondering if someone has a solution as to how they treat outdated and unused stock on hand. What program in IC are you using to remove the stock from inventory and so that it gets reflected in the General Ledger. I have been told by one of our facilities that they are using IC21 and creating an issue to the purchasing department which creates an expense to the Central Distribution department. Any suggestions to a IC newbie would be appreciated. Thanks in advance

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Infor Lawson Supply Chain Group - Discussion

Comments

christine-bischof

We use IC24.2 to adjust the inventory out - and use a reason code so that we can report on the amount of outdated stock.

Inquiry Tab Placement.docx

cpashley

Hi - I am assuming that this will create an entry to the GL as a credit to the inventory for these items. Is this correct?

unknown

Old thread - but yes, on IC12 for the item is the GL Category. On IC04 for that GL Category, the line for "Issues" will show you where the IC21 goes and the line for "Adjustment" will show you where the IC24 goes.

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