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Dynamics 365 Community / Forums / Microsoft Dynamics AX (Archived) / Cost Amount for Transf...
Microsoft Dynamics AX (Archived)

Cost Amount for Transfer Journal

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Posted on by Nisheet 150

Hi,

I am getting a wrong cost price for transfer journal transaction for item where the costing is FIFO.

How does the cost price come on transfer journal? 

Please suggest what has to be done.

Nisheet

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  • Suggested answer
    Ludwig Reinhard Profile Picture
    Ludwig Reinhard Microsoft Employee on at

    Hello Nisheet,

    I would expect that you see the cost price that is setup at the released product card. This price is only a temporary price and will be corrected with the next inventory close where the FIFO valuation principle is applied.

    So, to see the correct cost price you would have to post the journal first and then run a inventory close/recalculation.

    Best regards,

    Ludwig

  • Nisheet Profile Picture
    Nisheet 150 on at

    a.jpg.png

    Hi Ludwig,

    Thanks for your fast reply.

    The price is set up as purchase price on realised product card.

    These tranfer journal belongs to march & april month & Inventory recalcuation is already done till June end. But the issue persists.

    Please find the screenshot

  • Suggested answer
    Ludwig Reinhard Profile Picture
    Ludwig Reinhard Microsoft Employee on at

    Hi Nisheet L,

    One thing that you could check is whether the receipts and issues have been marked against each other.

    If they have been marked against each other, the inventory close/recalcualtion will not have an influence on the cost price.

    Best regards,

    Ludwig

  • Nisheet Profile Picture
    Nisheet 150 on at

    Hi,

    How to check this?

    The receipts and issues are not marked against each other. We have never marked transaction.

    Best regards,

    Nisheet

  • Suggested answer
    Ludwig Reinhard Profile Picture
    Ludwig Reinhard Microsoft Employee on at

    Hello Nisheet,

    If you select the general tab in the inventory transaction form can you identify a transfer lot ID number in the respective field?

    In addition, if you select inventory - marking, can you see that something is marked?

    Did you do a transfer between warehouses within a single site?

    Best regards,

    Ludwig

  • Nisheet Profile Picture
    Nisheet 150 on at

    Hi Ludwig,

    There is transfer lot ID on inventory transaction and non financial transfer is ticked.

    In Inventory - Marking, nothing appears.

    It's a transfer between warehouse within a single site.

    Only the transfers cost amount is incorrect.

    Please suggest.

    Regards,

    Nisheet

  • Suggested answer
    Ludwig Reinhard Profile Picture
    Ludwig Reinhard Microsoft Employee on at

    Hello Nisheet,

    Isn't this a pure inventory transaction that does not create a financial voucher and thus does not affect your inventory valuation at all?

    Can you check if a ledger voucher has been created for this transaction? I would expect that this is not the case.

    As this transaction is classified as a non-financial transfer it won't be picked up by the inventory closing/recalclation process. Why should it? You just move an item from warehouse A to warehouse B and your accountants do not even see the value in their ledger accounts.

    Another thing to consider is that AX always regulates only issue transactions but not receipts.

    If AX would make an adjustment to the issue value of your inventory transfer, then you would have an issue price that is different from your receipt price, which does not make sense.

    Does this clarify things?

    Best regards,

    Ludwig

  • Suggested answer
    Ludwig Reinhard Profile Picture
    Ludwig Reinhard Microsoft Employee on at

    Hi,

    Please also check the following post, which gives you a deep inside into the inventory valuation in AX.

    This might help in addition to what I mentioned before.

    fedotenko.info

    Best regards,

    Ludwig

  • Nisheet Profile Picture
    Nisheet 150 on at

    Hi,

    There is some problem in opening the link.

    Can You share the content please?

    Nisheet

  • Nisheet Profile Picture
    Nisheet 150 on at

    Hi Ludwig,

    It's ok that there is no ledger voucher for this transaction. But the issue is that, receipt price is 60 Rs. but the cost price is transfer journal  is 1.26 Rs. How can it be? What can be the reason?.

    So the warehouse wise inventory value report is wrong. In the warehouse the cost amount is not as per qty & per cost per unit becomes wrong.

    Nisheet

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