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Hi,
I'm exploring posting profiles for inventory. I'm with Purchase orders posting to be more specific.
The most common behaviour is that a fisical cost is recognized when the delivery note is booked. This amount is then fully reversed at the time of invoice posting and the full financial value is recognized.
What if we wanted to account only for the difference when we post the invoice? Would this be possible? Would it be possible to recognize just the difference in both stock accounts and payables?
We are using WAC, not standard cost.
Is this what these accounts are used for?:
Hello CapsLock,
As you are using the weighted average cost method. The Fixed receipt Profit/loss accounts will not be impacted.
These accounts are usually impacted when we use the Standard cost and there is a variance between the Purchase and cost price.
When we post the invoice the entire Product receipt voucher gets reversed and a new set of Invoice vouchers are posted. This is By-design and I am not aware of any parameter or setup that would only account for the difference between the Invoice and product receipt.
The Item model group specified whether it is FIFO WAC or LIFO would come into play only while running Inventory closing.
Thanks, Kaushik
This post is my own opinion and does not necessarily reflect the opinion or view of my company or Microsoft.
P.S:- Please mark the answer as verified if it has helped in resolving the issue.
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