Item Registry

Within the item, in the FINANCE tab, we have the opportunity to associate the item with COST CENTERS.

In particular, companies that do not have Controlling active will have a single association field for one center, while for those with active management a grid will be enabled where multiple centers can be valued, even with different dimensions, essentially replicating the logic already detailed in the Chart of Accounts (thus also allowing the center to be left empty and only the active dimension to be valued).

Note

The profit center is visible for backward compatibility; in companies with Controlling active, it is recommended to replace the profit centers with a specific dimension to be valued in the corporate centers.

For the Inventory Accounting procedure present within the budget simulations of the Mid-Year Closures module, it is also crucial to assign to each item (relevant for warehouse valuation) its related Fiscal Category: from this table, in fact, FluentisERP will retrieve the detail accounts to be used for valuing the initial and final inventories.