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Perpetual inventory

Former Member
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Hi Experts,

We have used inventory revaluation in B1 2007A SP00 for a WIP item. The item valuation method is moving average. The stock on hand quantity is zero. The current value of the item is 1,200.00 USD. We want to revalue to be 1,300.00 USD. The value is same for all warehouse (we do not use manage item cost per warehouse).

The item is a WIP item that have no G/L increase and G/L decrease account in its item group. its WIP account is used in the G/L increase account field / column of the material revaluation. The stock account is different with WIP account. The stock account is used in the G/L decrease account field / column of the material revaluation. The revaluation type is inventory debit / credit.

The problem is that why the journal entry of the material revaluation used price difference account as the offset account of the G/L increase account ? Pls advice.

Andres

Accepted Solutions (1)

Accepted Solutions (1)

Former Member
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Hi!

I belive, as you don't have Stock on Hand sytem is posting the Debit Amt to Price Difference acc. As per financial accounting tht is correct. The additional cost on a consumed item will always consider as an expense.

Former Member
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Thx for your answer.

How to make the jurnal entry of inventory revaluation of WIP item in B1 is not like that ? is there a workaround ? probably, the flow can't be change. I am not sure if probably, there is a solution to make the stock account have the amount from G/L increase account.

Or do I have to make a reclassification journal entry ?

Andres

Answers (1)

Answers (1)

Former Member
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I made a work around to solve this case.

Andres