Inventory Value Reconciliation Error
Hello, My Inventory Value Reconciliation in out of balance. (Screenshot Recon 1) The Recon is out of balance from 29/04/2024 by 1,317,069.63 The AB-WIP item has different closing values if I ru...
Forum Discussion
I am having the same issue. I have locked period prior to 01/07/2024, completed an inventory count and adjustment dated 16/08/2024. I go back to 30/06/2024 Inventory Value Reconciliation Report and it has now changed. No figures in the locked period should be changing at all and my Accountant is getting upset as he is working on the figures.
Hi Allfast,
I understand how concerning it is to see figures changing in a locked period, especially when your accountant is relying on that data. It is important to remember that inventory adjustments, even if dated after the locked period, can sometimes affect historical data due to the way MYOB recalculates inventory balances.
I would recommend reviewing the adjustments made on 16/08/2024 to ensure they were recorded correctly and checking if any system anomalies occurred.
Regards,
Sai
