"revaluation journal"

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Posted on by santarzan

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Hi All,

I have one request to reevaluate the item journal entry , but since it's an Sales Shipment transaction i am not able to adjust the value .

is there any other way to adjust the value to " 0 " .

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Alexander Ermakov 28,096 on at

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Try adjusting the initial positive item transaction (e.g., purchase receipt) to zero and then run Adjust Cost - Item Entries. The corresponding sales transaction will be adjusted automatically as well. Would this fix your issue?

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Rabin 2,976 on at

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Hi Santosh,

1. Adjust the initial positive Item Transaction to zero...

2. Run "Adjust Cost" - Item Entries.

It will automatically adjust the corresponding sales transaction.

This is a simple solution, hope it helps you...

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Indikauk 1,759 on at

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Hi Santosh

Revaluation Can be done only to Stock in hand not to the Individual Transaction, as per you attached screen Shipment Value has gone wrong I think, as other suggested you have identify this Shipment is applied what item ledger entry transaction and then you have to change that transaction value to 0.

What is you Costing Method, if it is Average then some thing wrong with you average unit cost for this item just 1st Try to Run Adjust Cost Item Entries Batch job and see weather this cost is getting change or not.

If not changing Go to Application worksheet and see what is the applies item ledger entry to this shipment and try to un apply it and re apply again.

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santarzan 405 on at

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Yes they are using the Standard costing method, and the client has asked to change the value to 39420.50 total what has to be done now

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Indikauk 1,759 on at

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Hi Santosh

If you are using Standard costing You can Do Revaluation of the Original Purchase to 0 (Item Ledger Entry Linked to the Shipment) then your Shipment Cost will be Adjusted to 0 as well, if you need some other value instead of 0 then in the revaluation you need to put that value.

Thanks

Indika.

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santarzan 405 on at

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Hi Indika thanks a lot the problem is solved.

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