Hello, I noticed an offset account related to ‘fixed receipt price offset’ - There are fixed price profit/loss for PO posting types that I can understand but what does the “Fixed Receipt Offset” mean here?
Also, we see the fixed receipt price profit/loss under Inventory Posting Types. When will these GL accounts be hit?
When a vendor invoice is posted, I believe the price difference between purchase price and cost price ( manage cost tab) will be posted in the fixed receipt price profit/loss as defined in PO.
while the difference between purchase and inventory cost is captured in the fixed receipt accounts as per Inventory posting types.
What are the implications under FIFO when we run the inventory close process?