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Administrator Guide
Last Updated: 2023-06-23
Reference: Stock Transfer Accounting

Reference: Stock Transfer Accounting

Accounting for a Stock Transfers

Workday generates accounting for stock transfers based on ownership of goods:
  • FOB Destination: Goods owned by the shipping site. Workday creates accounting entries at put-away in the destination site.
  • FOB Origin: Goods owned by the destination site. Workday creates accounting entries at shipment. Workday generates additional accounting at put-away, if the stocking location has different worktags from the inventory site.
    This table lists what drives accounting for the fulfillment process:
    Transaction
    Transaction Type
    Debit
    Account Posting Rule
    Credit
    Account Posting Rule
    Stock issue
    Material
    Spend (always uses accounting treatment of
    Expense
    )
    Spend
    with markup
    Not applicable. Workday includes markup with material.
    Inventory Markup
    Stock transfer shipment accounting entry generated at shipment when goods are FOB origin.
    Material
    Spend
    Spend
    with markup
    For intracompany shipments: Inventory Markup Expense
    For intercompany shipments: not applicable. Workday includes markup with material.
    Inventory Markup
    Stock transfer put-away accounting entry generated at put-away when goods are FOB shipment or there is a change to worktags for goods which are FOB origin.
    Material
    Spend
    Spend
    Markup
    For intracompany shipments: Inventory Markup Expense
    For intercompany shipments: not applicable. Workday includes markup with material.
    Inventory Markup