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Revaluation Journal Error

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Posted on by UG Leader

We did end of year stock taking in my company and I have to post the Physical Adjustment Journal, Since the Cost of the Items have changed we needed to revalue them. When I tried running the Revaluation Journal I got the error: 'Open outbound entry: 3077 found'. Please how can I resolve this?

Somebody help please.

  • Verified answer
    Jens Glathe Profile Picture
    Jens Glathe 6,090 on at
    RE: Revaluation Journal Error

    Hi Gradescope,

    alright... this is when you calculate the inventory value, to create the revaluation journal. The error message is NAV-speak for "you have negative inventory on an item, probably by variant code, and by location code".

    The only possible resolution is to not have negative stock on any item (by variant code, by location code). Negative stock breaks the valuation chains, therefore a revaluation will not be possible until this has been fixed. The way to fix it is by posting a corrective item journal - if you have taken physical inventory, this should be posted first.

    with best regards

    Jens

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