Is the above situation i.r.o. incorrect duplicate entry transaction also applicable to Inventory Control Account Sets?
Highly unlikely, but yes it is although the manner of correction is different. Firstly, besides incorrect setup in the IC Account sets (shown in report DACCT of the IC verifier report which WOULD CAUSE reconciliation problems) there are 2 possibilities of incorrect duplicate transactions which could affect your IC reconciliation. These are Internal Usage and Adjustment IC transaction where one is allowed to override the predefined GL account. Incorrect duplicate entries would first appear in report 35 / 36 in the “Detailed Reconciliation” tab in the IC reconciliation report. In report 36 the correct amount is shown and report on it been in IC and not in the GL because as it is duplicated in the GL, it would obviously be zeroed out. In report 35 this “zeroed” out amount is shown, so always do a comparison between these two reports bmo drilling from the GL batch / entry number in report 35 to the source transaction in IC and ascertain whether these transactions appear in report 36. This
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