Jiwa Inventory – Physical Item vs Non Physical Item

In this article we will look at the key differences between Physical and Non Physical inventory items.

 

Physical Items

Physical items are those inventory items where stock on hand quantities are tracked.

Jiwa identifies an item as a physical item when the Physical Item check box on the Inventory Maintenance form is checked.

 

Physical items also have the Inventory Value control account set against the item to the Stock on Hand or Inventory Value control account in the Balance Sheet.