System Generated Journals when using dual currency

(0) Share

Report

Posted on by MS AX 2012

HI,

We currently use AX 2012 (migrating to D365 Q2 2023) in conjunction with Progress.

We operate in a dual currency environment, purchasing from UK in £ for sale in Ireland in both £ and €.

We have identified a significant number (and value) of journal entries which are debited/credited to Stock with opposite entry posted to a price variance account. I am unclear as to whether these transactions actually relate to price (FX) variances as there are separate PIV and PRR entries posted to price variance account.

These journals take the structure of xxx-12345, where xxx is our company number. The journal type is not described in Setup.

These journals seem to generate automatically. Description on journal type is "system generated audit" or "Stock standard cost change".

Can anyone clarify how they are generated and what their application is?

Thanks