Material Management

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August 31, 2024 4 min read Definitions

Material Transfer Note: Essential Document for Material Movement

Accounting Finance Material Management Accounting Document Job Codes Inventory Control Internal Controls

An essential form that records the transfer of material from one accounting code to another. It includes crucial details such as material description, commodity code, job number, or accounting codes and the value of the material transferred.

August 31, 2024 4 min read Definitions

Stock Ledger: Comprehensive Guide to Inventory Accounting

Accounting Finance Inventory Management Stock Ledger Inventory Accounting Finance Material Management

The stock ledger is an essential accounting tool that records the movements of inventories. It tracks receipts and issues of material, as well as the balance in hand, both in terms of quantities and values.