Inventory Valuation

Manjinder_Kaur

Hi

Our Client made a lot of Positive and Negative Adjustments to the Inventory, to correct some of the Important Item related data they were missing. In this process of -ve and +ve adjustments, the Inventory Valuation got screwed up. All the Adjustments were made on the same day.

They have already made sales and Purchase transactions after doing these adjustments.

How can I fix this problem? Will Revaluation Journal help?

Regards,

Manjinder :roll:

ritesh.singh

Have you run all the inventory batchs? :?:

ssingla

There is no shortcut to achieve you are trying to do. The best is to run the revaluation journal and correct the current stock valuation.

Manjinder_Kaur

ritesh.singh wrote:

Have you run all the inventory batchs? :?:

Hi Ritesh

I executed "Adjust Cost - Item Entries" batch, which wasn't of any any help since the " Automatic Cost Posting" is ON and "Automatic Cost Adjustment" is set to DAILY....

Thanks

Manjinder

Manjinder_Kaur

ssingla wrote:

There is no shortcut to achieve you are trying to do. The best is to run the revaluation journal and correct the current stock valuation.

Thank You so much Sandeep....

Do I need to zero out the Inventory and then bring it back and revalue it? The reason why I am asking this is becoz the client actually made Inventory Adjustments on 15th Jan and back dated it to 31st December.

Manjinder