The Product Assembly document represents a finished product assembled from multiple components within your inventory. In the document, you specify a product you are assembling along with the quantities of components that make it up.
The finished assembled product, in its turn, is assigned to an inventory account and attributed to a particular warehouse. The product may be created for sale, as a directory from which other items can be assembled or it may be recognized later on as a fixed asset.
So, when a new item is complete, the product assembly document has to be created and posted. The posting affects the transaction journal debiting the inventory account to which the finished product has been assigned by the total cost of its components and crediting inventory accounts on which the components were recorded by the cost of these items (accounting transactions); the Inventory journal is affected as well, since the posting induces inventory transactions influencing inventory quantities and values. As a result, the assembled item is allocated to the selected warehouse and its components are written off.
For more details about supported inventory valuation methods and how to set them, see My Company Settings: Preferences Tab.
Components are taken from the same warehouse to which the assembled item is to be allocated. If required components are not available in the specified warehouse, you have to transfer them to the warehouse and create a warehouse movement document representing this transfer.
If multiple warehouses are not allowed in the system (the Multiple warehouses option is turned off in My company settings), the assembled item is assigned to the default warehouse selected in My company settings and its components are written off from the same default warehouse.
For more details about enabling or disabling multiple warehouses in the system, see My Company Settings: Preferences Tab.
You can use reserved or unavailable items as components of the product to be assembled if negative balances or the sale of reserved items is allowed in the system.
For more details about enabling or disabling negative balances in the system, see My Company Settings: Preferences Tab.
For more details about enabling or disabling sale of reserved items, see My Company Settings: Preferences Tab.
To go to the Product Assembly
- On the Codejig ERP Main menu, click the Inventory tab.
- Under the Inventory tab, click Product Assembly.
Product Assembly: General Area
Product Assembly: Goods for assembly section