Agenda of the Video▶️: Reclassify an Item's Speciality or Attribute i.e. its feature or specification (like; Bin or Lot or Serial Number) using the Item Reclass. Journal page❕ ▫️To Reclassify item, use Search Box, enter Item Reclass. Journal and then click on the related link to open the page/screen/window. ▫️Fill in the line with the required related information. ▫️On the Navigate Tab in the Line, select those relevant details which are required to update the current Data from Existing to NEW. ---------------- Benefit to use the Item Reclass. Journal? ✍️ You can use this to avoid ☀️General Ledger (G/L)☀️ and ☀️Value Entries☀️ Implications. Because... ▫️Item Journal update the Negative and Positive Adjustment Amount (item values) into the Inventory Adjustment G/L (Receipt & Purchase / Ship & Sales Clearance) Account. ▫️ Check Chart of Accounts (COA) after the Item Adjustment Entry Posting. * - * - * ✔️Result Analysis of Item Reclass. Journal: - ▫️It only create Item Ledger Entries (ILE). Or, ▫️If you are using Bins then it will create Warehouse Entries also. ------------------------------------------------------------- ➡️ Inhouse Location (Basic Location, this is Not a Distribution Location/Channel) = Somewhere at inside the Factory Premises or a Plant/Production Location. -------------------------------------------------- ✍️Note:- Concept and Process is the same in Navision & Business Central.✅ -------------------------------------------------------------- Hint 1: No Need to use item journal for passing Negative or Positive Adjustment Entry for the item.✅ Hint 2: Just try to Reclassify the Item attribute, if the requirement is NOT related with Item Costing or GST (Tax) Transfer.✅ Hint 3: Use "Transfer Order" page, if this is the matter of GST (or other relevant tax). Hint 4: For update in Costing or Amount (including overhead and other charges related effects) use "Revaluation Journal" page. Hint 5: For Direct Receipt of Inventory into any particular Location, and Removal without using Orders (generation process), try to use "Item Journal" (for Positive and Negative Adjustments of items). - This is purely based on a solid reason, or depends on any specific situation where Country Users NOT creating Orders and Invoices, i.e. Credit or Cash mode Documents to update outstanding/dues of Vendors & Customers. The said Case Study is based on very small size trade/businesses practice. -------------- Ques: What is Inventory Reclassification? OR, Is existing or assigned "Item Status" that has been Changed to the current & updated? Ans: Inventory Reclassification: The Item Reclass Journal page is used to reclassify inventory, i.e. to take an item out of stock with reason code and put it in another location perhaps at a different value with (a new lot number if desired) within a warehouse. ----------------
