Can you kindly inform context of these credit amounts shown in the account? As there is no field activated to check the source entry, your support is highly appreciated.
Thank you.
These are Inventory Unit Costs adjustments for whenever you click Recalculate
Thanks a lot dear.
Does this mean that we need to have separate Lock Date for inventory module? For example, a client might take additional time to close its books for a particular period while there are ongoing inventory transactions related to new accounting period. Assume client’s accounting period end is on 31 Mar 2025 and however still working on entering other transactions. Since the Lock Date is not active, can any subsequent recalculation affect inventory valuation as at 31 Mar 2025? Could you kindly give your views?
Yes it can.
However, since there are other transactions, these could potentially change the inventory valuation as they should until the period is closed.
As far as this:
I don’t think that the developer is keen on introducing multiple lock dates. I say this because this has been discussed before regarding locking invoices that have been cleared with tax authorities and it got rejected.
The solution for this issue, imo, is just to save inventory valuation step to last when you do your periodic closing.
Thank you so much for the feedback.
However, invoice blocking is to avoid mainly intended changes to invoice.
In the case of inventory, each replenishment of inventory causes changes in inventory valuation and cost of sales until the period is closed. Kindly correct me if I am wrong. If my view is correct, this will affect the decision making of owner/ managers since numbers are changed time to time. Due to the complexity, most business needs to lock inventory related transactions on the same date as the period close. This means other transactions get the second priority.
That’s right but only as long as the period remains unlocked.
I’m not against your suggestion but multiple lock date is an idea that has been rejected before.
That’s why I recommended revaluing your inventory just before locking your period. I think that this is a simpler solution.
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Thanks a lot. I think this would be a value adding feature which would attract @lubos attention in due course. And it would further solidify Manager.io’s feature qualities.
Hi
I have this issue as well but I thought it was because the items listed are all in negative stock?
I understand the recalculate part but even when I have done this some items still remain in the list as per the sample sent by ATMCAssocaites.
When I check further all items in list are in negative stock so I assume the way to rectify this is through stock management. Rechecking the stock and how it is added and removed from inventory stock and put into inventory cost ( we have identified errors in our input and output as some items are included in stock kits so we are rectifying this now). But I still need an explanation for our external auditor as to why there are credits in the inventory cost summary.