E1: 41B: Post Gain Loss to the Primary Location with a Partner in a Commingled Tank
Last updated on MARCH 13, 2018
Applies to:JD Edwards EnterpriseOne Bulk Stock Inventory - Version 9.1 and later
Information in this document applies to any platform.
When setting up a commingled tank with multiple owners where the primary location is set up with an owner as well then any gain loss is always posted to blank location.
Example Tank T7306-1 setup:
When entering a dip and doing an Operational reconciliation then the gain loss is posted against the location T7306-1.
It is common business practice in the Oil industry to decide which partner is responsible for Gain/Loss in a commingled tank.
The Gain loss should be posted to primary location where it can be allocated to a partner in a commingled tank.
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