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What is the difference between Item Journal & Physical inventory Journal?

Item Journal is the journal to adjust inventory in connection with purchases, sales, and positive and negative adjustments.
A Physical inventory Journal is used to reflect or correct the physical stock taken with respect to the system inventory.

Item Journal Physical inventory Journal
1.All The Fields are entered manually and post 1.All the fields are populated automatically by the system, except Physical Inventory
2.Reflect the stock according to the posting date, there may be chance of -ve inventory in the previous months 2. Adjust Stock on the current date only
3. Is used very rare case only. ie,if no other way to adjust the stock then only its using. 3. Is used Monthly/Yearly to adjust the Physical Stock and System Stock
4.You cannot adjust Purchase or Sales directly 4.You can adjust Purchase or Sales directly
Jubel Thomas Joy, a 16+ year Microsoft Dynamics 365 Business Central/NAV/Navision expert, founded "Navision Planet" in 2009. Certified in Business Central , D365 - Commerce and many more. He blogs on the latest updates and various modules of Business Central & LS Central, showcasing expertise in SQL, Microsoft Power Platforms, and over 150 organizations of work experience.


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