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Re: No inventory on hand recorded or cost value despite Bill posted to item code
Hi Doreen_P Thank you for your suggestions. The Inventory Value Reconciliation Exeptions report does show the total out of balance is $125,000 but the items list on the report are small values from a few years ago. The entry was a Bill which the stock item 1509 was used. I have checked Stock item 1509 linked accounts and they appear correct. When I check the History tab in Item 1509 the purchase on 23.2.2023 does not show in the month of Feb 2023. I can see the PJ entry for the Bill recorded in the Inventory GL 1-1340 but no value or quantity is recorded in item 1509. attached are screen shots. Any other suggestions please? Thanks421Views0likes3CommentsNo inventory on hand recorded or cost value despite Bill posted to item code
Bill was recorded to an Item code with 1 item received and a price of $125,000.00. This Bill and $125,000.00 is recorded in the Balance Sheet stock on hand GL, but Item in inventory shows no stock on hand and no cost value. So inventory valuation is out of balance by $125,000. This item does have a sales order against it, so is committed for sale. Still a sales order not a sales invoice. How do I adjust the inventory value from 0 to 1 and record 'last purchase price' in inventory item, without posting to GL. GL is correct but inventory valuation is incorrect.Solved515Views0likes5Comments