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Dynamics 365 Community / Forums / Microsoft Dynamics GP (Archived) / Revalue Inventory Disa...
Microsoft Dynamics GP (Archived)

Revalue Inventory Disabled

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Posted on by Rennecia Barran

Hi, I have a situation. Can anyone help?

Scenario:

Forgot to tick the box for revalue inventory.

Two step purchase receipts are being entered.

Request:

Enable revalue inventory and get the difference in the inventory value to be updated to the subledger and the GL.

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  • Suggested answer
    L Vail Profile Picture
    L Vail 65,271 on at

    If you want to revalue inventory in specific receipts you can use the Adjust Inventory Value utility. Select the specific receipt and identify what the cost 'should' be. This will change the carrying value of your inventory and adjust any previous transactions relating to that receipt. I've got a blog article about this utility: dynamicsconfessions.blogspot.com/.../blog-post.html

    Kind regards,

    Leslie

  • Rennecia Barran Profile Picture
    Rennecia Barran on at

    Hi Leslie,

    Thanks, the query is really regarding all of the inventory not having revalue marked. I need to fix this and by extension get my GL and Subledger to balance.

    Do you have any suggestions?

  • Rennecia Barran Profile Picture
    Rennecia Barran on at

    Hi Leslie,

    I have tested and have a partial solution.

    I will have to adjust the stock out and back in so the sub ledger will read the invoice cost as it would now be showing the receipt cost instead.

    I would also need to pass a journal to move the value from purchase price variance to the inventory account.

    Not sure how to fix the cost of sales.

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