Due to wrong foreign exchange rate, my items in the warehouse were posted by wrong item cost. i.e. the item cost escalated by 1000's. However, the quantity in either GI or GR are correct. Due to this issue, there has been a significant impact on my GL.
The issues related to Foreign Currency exchange were corrected, however, I am now stuck on how to correct the values of the GR and GI with wrong unit cost need to be corrected.
I am not sure if I should be going for inventory revaluation or making the reversal entries wherever possible. But the major concern is that the quantity of goods issue or goods receipt is correct.
Thank you everyone in advance. #SAPB1
You must be a registered user to add a comment. If you've already registered, sign in. Otherwise, register and sign in.