why big amount value was post into rounding variance account after monthly inventory closing

(0) Share

Report

Posted on by Deane Shen

we have new std cost activation in Feb, 2021, then the Feb monthly comes big amount into rounding variance account, it is very strange, after my testing, the posting path should come from Stock management setup ==>Posting == > Standard cost variance == > Rounding variance.

1. As I checked, it should come from the subcontract production orders, because of service items is the FIFO cost valuation, but the FG/Semi FG is the std cost valuation.

2. Normally, monthly closing should be only 0.01 in voucher this main account , but now Feb is nearly 150,000, and March is nearly 50,000.

Did any expert know why this happens?

All responses (2)

Answers (1)

Deane Shen 25 on at

Like (0)

Report

RE: why big amount value was post into rounding variance account after monthly inventory closing

Hello Ludwig,

Thanks for the feedback, it looks credit main account is rounding variance, and debit main account is production variance.

/Deane
Verified answer

Ludwig Reinhard Microsoft Employee on at

Like (0)

Report

RE: why big amount value was post into rounding variance account after monthly inventory closing

Hi Deane Shen,

Have you checked LCS for available hotfixes?

In the past there were a couple of issues with the rounding variance and the amounts posted on that account.

MS fixed things in the meantime and if you are on the very latest version you should be fine.

Best regards,

Ludwig