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1,561Can someone please explain the purpose for fixed receipt price profit and loss accounts in item group under inventory. What is the inventory valuation model for items where these accounts are applicable? In which transactions these accounts are posted?
If inventory valuation model for an item is FIFO with fixed receipt price checked under item model group then I understand the purchase order transactions for product receipt and invoice posting. If the purchase price is different than the item cost price then fixed receipt price profit or loss is hit with offset to fixed receipt price offset account. However, these posting types/accounts are picked from item group->purchase tab and not inventory.
When posting inventory adjustment for an item using inventory adjustment or movement journal the cost price as defined in above example is non-editable. Hence only inventory receipt/issue and profit/loss accounts are hit.
Thank you in advance.
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