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Hi All,
On a new implementation during Inventory Opening Balance upload,
can we upload the inventory stock balance based on the their receipt date to enforce inventory aging.
for the above scenario we need to create multiple IV Opening Balance entry with different dates on historical years, do we need to create that much Fiscal Years
or
can we use one common posting date and proceed?
Kindly share your thoughts / comments
Regards,
Ramanan
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Hi Ramanan,
Per your scenarios they are both eligible to work, either by uploading it by dates from historical years or as a beginning balance with a stock count with all the current quantities but there wont be any aging as it will be a cut off date from your other system.
FYI by entering the historical quantities by its dates will require more work and time as you will need to open fiscal years and enter the amounts then close each year after uploading and that's the least that i can think of.
Best Regards,
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