Adjust inventory cost

ngayee

Dear all,

1. Create Purchase invoice
2. Create Sale invoice
Then I found that the cost in the purchase invoice is wrong, so
1. Create Sales Credit Note.
2. Create Purchase Credit Note.

As we use Average Cost method for calculating inventory cost, the cost variance then is generated in the G/L account as an adjustment. How can I do to eliminate the adjustment in the below process?

Thanks a lot.

ssingla

Dear Friend,

I have tested the scenario, but no extra adjustemt entry has been created. It is only the COGS getting updated.