I was wondering what will happen if I change a group of items from one account set to another? I know that there is a warning about the change effecting all posting for that item, but I'm not sure what the potnetial problems this could cause. Our previous purchaser set up about 20 items last spring and used the wrong account set, and I would like to change them if it is not going to interfere with anything important? Any information is appreciated. I don't need our bookeeper mad at me when she goes to do year end if somthing is wrong

Hi Kristin

There are two possible effects.

1) If the new account set has a different costing method, this can create unexpected results in valuation and costing. I would strongly recommend not changing from one account set to another with a different costing method.

2) If the GL Inventory Control account defined is different between the two account sets, you ought to run an item valuation report of the items you are planning to change, and make a journal entry in the GL crediting the Inventory Control account of the old account set, and debiting the Inventory Control account of the new one, for the total of the report.

Steve