Commodity codes are numerical identifiers used to categorize goods for inventory, sales, and accounting purposes in an organization. They streamline material and finished goods control systems and ensure effective tracking and management of resources.
A material transfer note is a form used to record the transfer of materials from one accounting code to another. It is a prime document that contains essential details including the description of the material, commodity code, job number, accounting codes to be credited and debited, and the value of the material transferred.
Materials requisition, also known as stores issue note or stores requisition, is a document used in organizations to authorize the transfer of materials from stores for specified uses.
