Q5:  Physical inventory:  What GL #’s will be used and will it hit as one huge Transaction or individual Transactions?

A5:  Below you can see the Inventory Default Account Setup Screen.  And I have highlighted the GL account for Inventory Adjustments.

Then I had the following parts in the system as follows:

                                    Before the Physical Inventory       Adjusted To via Physical Inventory         

101-0001688            100 On Hand @ 0.67                      120

101-0001689            200 @1.321                                      150

101-0001690            0 @ 0.47                                            100

101-0001691            0 @ 0.874                                          100

101-0001692            0 @ 2.11                                            100

Since the 1^st, 3^rd, 4^th and 5^th records were actually increasing the qty on hand they all were included into the Transaction # 2124 shown below.  So yes they are grouped into one larger transaction #, but they are displayed in sub categories within the Individual Transaction Inquiry reports as shown below for easier reference.

Since the 2^nd records was reducing qty out of stock it generated an inventory issue transaction # 2125 shown below.