Landed Cost Revaluation not reflected in HITB Report

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Posted on by Suet Lee

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Hi,

I am using FIFO Perpetual Method. Revaluation always occurs. When creating landed cost item, it appears that if landed cost invoice is zero, (100% variance), this difference is not reflected in HITB report. However, if I enter any amount other than zero, eg 0.01 or > as the Invoice amount, the variance for revaluing inventory will appear in HITB report. Have anyone encountered this? Is this some kind of bug? Now my HITB report does not tie with GL.

Thanks

Regards,

Suet

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