You’re offline. This is a read only version of the page.
20
Hi all,
When migrating inventory data between systems, a positive item journal was imported via config package and "invoiced qty" section of the config package (I believe) was set to 0. This has led to a number of positive item ledger entries (that are now closed as they have been subsequently sold), stuck with "Expected Cost" (see below). I suspect invoiced qty is the culprit here, as subsequent migrations done by another party have used invoiced qty and the issue below isn't a problem with those ledger entries.
As you can see from the inventory valuation of the item, it has a carrying value of $0.00 on the balance sheet (as we now have qty of 0 for this item), however, the splits are now negative actual cost and positive expected cost.
Is there a process that can be run to fix the above? Any suggestions or help would be much appreciated!
Cheers,
Tim
Have you performed your cost adjustment procedure?
If you have and the cost is incorrect you can also revaluate the item to correct the cost.
Hi,
As per my knowledge expected cost functionality is not used/affected when we use item journal. Its used when receipt and invoice are done at different time and cost is not yet final. Its strange in your case and you might be right because Invoiced must be equal to quantity when journal is used as cost is not going to be changed.
May be you can try to run Adjust Cost Item entries report, if it can make some corrections.
Stay up to date on forum activity by subscribing. You can also customize your in-app and email Notification settings across all subscriptions.
#1
André Arnaud de Cal...
291,188
Super User 2024 Season 2
#2
Martin Dráb
230,030
Most Valuable Professional
#3
nmaenpaa
101,156
Share
Report
All responses (
Answers (