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Microsoft Dynamics AX (Archived)

how do I make the adjustment through the inventory closing and adjustment form in the inventory module?

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Hello

I entered wrong amount for cost allocation and I would like to correct it.

how do I make the adjustment through the inventory closing and adjustment form in the inventory module?

Thank you!

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Mansoor Adeel 840 on at

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To make any kind of adjustment in inventory costing you can follow below process:

Open the “Closing and Adjustment” form from “Inventory and warehouse management->Periodic->Closing and Adjustment”, below form will be displayed:

Click on “Adjustment->Transaction”

Adjust transactions screen will appear, click on Select and select the transaction, here I have selected a movement journal transaction. Please see below screen in which I have selected the transaction from selection criteria screen.

Once the selection is made system will pull the transactions in Adjustment Transaction screen as per the given criteria. In this case system will pull the transaction of the movement journal i had recorded, please see below screen, which system have populated against the selection criteria:

Click in Edit now column and write the new amount required to be the total cost of selected transaction. System will change the cost amount as per given input by the user, once this step is completed, system will update the related inventory ledger as well as GL.

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Community Member on at

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Hello,

One more question regarding this.

I entered wrong amount for one of the item. (For example, the cost should be $500, but I entered $5,000 when I did cost allocation.)

So right now, the COGS is incorrect.

If I want to change to $500, I can use the steps you showed in here, right?

I will go to Accounts Inventory Management-> Periodic -> Closing and adjustment, (Select the transaction),

and I will have to enter $500 on Edit now column, right?

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Mea_ 60,286 on at

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Hi Mijin,

Please refer to this post www.linkedin.com/.../ax-2012-inventory-value-adjustment-sten-baumgarten

Hope this helps.

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Mansoor Adeel 840 on at

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Yes Mijin, you are right you can select the relevant transaction and adjust it. Please consider folloing:

1) If you have OnHand inventory balance available from the lot in which you have allocated extra cost you need to adjust your inflow transaction as well.

2) If you have only made mistake in inventory outflow then you just need to correct the outflow transaction only

If you need any further help in costing, you can contact me on my skype: mansoor_adeel

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