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Inventory month end. Closing and adjustment

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Posted on by CU23070402-0

Hi all,

If I go inventory closing and adjustment below and see no vouchers in the All tab, does that mean that no inventory adjustments have ever occurred?

If you have finished goods that you purchased and finished goods that you manufactured, their model group are FIFO, would you need to do inventory adjustment at the end of the month to adjust from Moving Average to FIFO value?

Am I missing something? In what situation that you have the FG with FIFO but don't need to do inventory adjustment at month-end?

Thanks so much!

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Aayush Tiwari 32 on at

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Yes,

In case you have "finished goods that you purchased and finished goods that you manufactured, their model group are FIFO" Inventory recalculation and Inventory Closing needed to be executed periodically and in chronological order.

As all the negative (Consumptions, Sales, ETC) inventory transactions are posted with moving average cost, Inventory recalculation calculated cost as per the valuation method selected in Item model group (In you eg. FIFO) and in case of difference of posted cost and cost as per calculation adjustment entry is posted.

Regards

Aayush Tiwari

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