About Adjust Cost - Item Entries

Business Central/NAV User Forum
1

Hi,

I am now trying to do the stock revaluation. However I heard that the Adjust Cost - Item Entries need to be done first to keep all costs up to date. All the stocks’ cost is based on standard cost. If I run the Adjust Cost - Item Entries, no journal should be created, isn’t it?

Thanks.

2

I have done the Adjust Cost - Item Entries, and it looks all good.

However when I compared the inventory valuation report with balance sheet, the stock doesn’t reconcile. The balance sheet amount is less than the inventory valuation figure. Does anyone know why is that?

Thanks

3

Look for non system generated transactions in your stock account. There are many many reasons for differences. I would suggest viewing by day, run teh report by day, find the day with the difference and investigate the transactions - there will be a manual journal, a cost altered journal or credit note or something in there - should be less reasons with standard costing, so a manual adjustment to the account is most likely.