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ax 2012 inv movement journal posting error - transaction type inventory receipt doesn't exist

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Hi, I am unable to post inventory movement journal - 

I have my inventory posting set up as below for item group "raw"  

issue - 2500; receipt: 2500 ; proft/loss: 2200. the account 2500 is inventory raw account; 2220 is also inventory adj account

I have dimensions activated as BU, Dept and expense with allow blank for expense 

The item has 'raw' as item group, inventory site is specified, cost price specified. Only thing is that I am trying to post for 12/12/2012. period is open. fiscal period is still 2012 and (haven't created for 2013 as yet till next week or two)

System is giving an error -Account number for transaction type Inventory, inventory receipt does not exist. Problem with posting to account number  with name .

appreciate if some one can share what it could be wrong. 

 


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