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Dynamics 365 Community / Forums / Microsoft Dynamics GP (Archived) / Adjust Cost Utility
Microsoft Dynamics GP (Archived)

Adjust Cost Utility

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Posted on by Community Member Microsoft Employee

How do I use the adjust cost feature in the inventory module to correct a stock valuation entry? The entry was done at the incorrect price. I need the adjustment to be done in the period (month) when the stock count was actually entered and not the current period (when I am actually making the adjustment). For e.g., stock count was done and entered in January 2016, error was found in May 2016. I need to know how to adjust the inventory to correct the General Ledger in January 2016; currently it is correcting it in the month that the correction is completed (May 2016).

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  • Community Member Profile Picture
    Community Member Microsoft Employee on at
    RE: Adjust Cost Utility

    Thanks a lot! I am now understanding the implications of my actions. I Will now reverse the transactions. I am currently working in a "Test" company before I effect the change in the production company.

  • Verified answer
    L Vail Profile Picture
    L Vail 65,271 on at
    RE: Adjust Cost Utility

    Hi,

    I'm a little confused (nothing new there!). The Adjust Cost feature is used to adjust the cost of the receipt. Imagine the cost was incorrect when the inventory was first received. The system uses the original receipt date and will also adjust for any of the items that were sold at the incorrect cost. You wouldn't use the Adjust Cost feature to change a stock count variance entry. I have a short blog post about the Adjust Cost utility: dynamicsconfessions.blogspot.com/.../blog-post.html

    Your question says the Stock Count was done and entered in January, those are Inventory Variance Transactions. You would just need to enter another Variance transaction to correct it. Beware, you said you adjusted the GL already, be sure not to adjust it twice.

    Kind regards,

    Leslie

  • Suggested answer
    MattPaulen Profile Picture
    MattPaulen 6,910 on at
    RE: Adjust Cost Utility

    You should be able to control the date by changing the User Date in GP before opening up the Adjust Costs window.

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