inventory closing

Finance and Operations/AX Technical Forum
1

i wanted to run inventory closing for the current year but my inv. receit account and issue accounts are showing huge balances because of excess use of P & L journal, counting journal, transfer order and movement journal. what could be the soluton on this to take correct balances? we are using weighted average cost for valuation.

please suggest some way out of it.

2

Hi Satish, The only ‘fix’ I can think of is to do a manual stock taking and to correct the inventory balances thereafter manually. I think it will be very difficult - if not impossible - to correct the balances manually if you have lots of inventory transactions. Cheers, Ludwig

3

If the excess use is to correct the actual stock then there is no solution, your opening balances are wrong. You need to get to the bottom of why these journals are being used excessively, which is not a software issue.

4

Hi Adam,

Thanks for your reply.

The use of inv. journal is now stopped and solution for the same is given.

But the balances with the ledger accounts are still there and openiing balances are correct.

so how to make the ledger balances correct?\

Is there any way out?

5

Hi Ludwig,

Thanks for your reply,

What kind of manual stock taking could you please elaborate on it.

Is it through inventory journal then which journal?