According to investorwords.com the definition is as below
Definition
Keeping book inventory continuously in agreement with stock on hand within
specified time periods. In some cases, book inventory and stock on hand may be
reconciled as often as after each transaction, while in some systems these two
numbers may be reconciled less often. This process is useful in keeping track
of actual availability of goods and determining what the correct time to
reorder from suppliers might be. Sometimes also called continuous inventory.
How to handle in Axapta
Point No.1
Q: how to introduce perpetual inventory system.
ans: Use counting journal functionality under Inventory module
q: Want to keep every thing accounted under expenses, not to keep any
purchase/Inventory account in GL.
I understand, you dont want to keep a seperate purchase account, but you want
to write all stationeries as expenditure at the purchase itself. This can be
achieved by defining the item type as "Service" and in purchase itself
configure to post under Expense, so that inventory value will not be calculated
in reports
Inviting comments on my suggestion
S Ramanan
----- Original Message ----
From: AX CONS <[EMAIL PROTECTED]>
To: Axapta-Knowledge-Village@yahoogroups.com
Sent: Thursday, 13 December, 2007 7:49:22 AM
Subject: [Axapta-Knowledge-Village] Perpetual Inventory or non-perpetual
Inventory
Hello all,
I need your help! I have one question. They want to use perpetual inventory
tracking for some items, especially for office items. As I got some
information from a forum, there is no GL account for the purchase account
for some inventory. We should have purchase account for posting in Axapta.
That looks more related GL and no inventory closing for these kind of
inventory.Do you know anything about Perpetual Inventory concept? if so, I
could get the information and try to handle in AX. What is Perpetual
Inventory or non-perpetual Inventory?
Thank you very much
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