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Session Id :
Finance | Project Operations, Human Resources, ...
Answered

Inventory revaluation before inventory closing

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Posted on by 40

I am looking for a standard functionality that will enable me to perform on-hand adjustment and cost adjustment before inventory closing. Here's my scenario. The posted amount should of the item number needs to be distributed to another item without affecting the on-hand inventory.

I have the same question (0)
  • Community Member Profile Picture
    on at

    What system are you using?  Also, can you please explain "The posted amount should of the item number needs to be distributed to another item without affecting the on-hand inventory" in more detail?

  • Suggested answer
    Zain Mehmood Profile Picture
    4,187 Most Valuable Professional on at

    Hi MsAxapta,

    Can you tell which item model group you are using ? Because you would be able to do the inventory on-hand adjustments in all of the model groups except the moving average.

    You can even adjust you inventory after closing depends on the inventory evaluation method we are using.

    Thanks & Regards,

    Zain

  • MsAxapta Profile Picture
    40 on at

    D365, here's the scenario. We are using the production order to manufacture the device. There are scrapped item number that has amount after ending the production order. Ideally, it needs to be absorb by finished good item number. Unfortunately, there are some transactions where it is not being absorb by correct item number. What we need to do is perform closing and adjustment > Adjustments > On-hand. We're still finding another way if there's facility where we can do the adjustment before the inventory closing as we don't want to override the IC calculation.

  • MsAxapta Profile Picture
    40 on at

    We're using the weighted average cost inventory model by the way

  • Verified answer
    Zain Mehmood Profile Picture
    4,187 Most Valuable Professional on at

    Hi MsAxapta,

    I get your situation, either you found out the transactions due to which there's an amount on the scrap item. This way it would be very complex and hard to find the transaction. If you'll adjust that by some how, I still fear based on your case there's would be some value left after adjustment. 

    The better way to do this which I think is to close the inventory first and later adjust the cost through on hand adjustment. It won't override the inventory calculations but rather create new adjustments for those specific items. The inventory closing would still persist. 

    You can try both on the UAT/test environment whichever is better for you execute on the production environment.

    Please mark YES against the answer that helps you. Thanks 

    Warm Regards,

    Zain 

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