Hello all,
In the release notes for 4.040 there is one item of relevance to this question:
“Warehouse transfers now support an In Transit warehouse to track inventory in-transit between warehouses; this comes with its own GL mapping and set of automated shipment/receipts between the from warehouse, the in-transit warehouse, and the to warehouse.”
To expound on that a bit further, there is a new pair of GL Transaction Mappings (Admin > Config Settings > GL Transaction Mappings) under the Receipt and Warehouse Transfer categories that need to be set. If you have an in-transit inventory account, then you can set that here for both the credit and debit side. Otherwise, your main inventory account should work. Each warehouse transfer will offset itself automatically, crediting and debiting the set account for the same value as the automated warehouse transfer transactions are processed, so there shouldn’t be any net ledger impact to the account that you choose.
Hope that clears this up for you all, and gets everyone moving forward again!