Create Accounting Strings for Inventory Valuation Variances

This procedure is used to create accounting strings used for inventory calculation variances.

Before You Start

The inventory valuation account, and debit and credit accounts for inventory valuation variances must be entered in ‘Accounting Identity. Open’ (CRS630)630).

Follow These Steps

  1. Start ‘Settings - Inventory Value Variances’ (CAS020/B)0/B).

  2. Enter the inventory account. Click New.

  3. On the E panel, enter the inventory adjustment account for the balance transaction, and the value adjustment account for the income account. (These are used to record the variance between the calculated inventory value and the recorded value). Also, select which other accounting dimensions are used. Press Enter.

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