Adjusting inventory costs

You can adjust inventory costs after the receiving document has been released. This may be necessary if an item cost was entered incorrectly on a receiving document and you did not notice it until after it was released. This procedure explains how to adjust item costs on released receiving documents.

Note: You cannot view or make changes to the cost adjustment on Cost Adjustments after you release the document. Use Transaction History to view the document and create an adjustment to change stock-on-hand.

Select List And Analysis.
On the Historical Data tab, click the Inventory Cost link.
Use the filter parameters to narrow the results.
Click Search.
On the highlighted cost history record, select Cost Adjustment.
Specify this information:

Update Date

Select the update date and time.

GL Post Date

Select a Global Ledger posting date to override the defined date for this receipt record. This date indicates which general ledger period to post transactions.

New Unit Cost

Specify the new unit cost for the receipt record. This cost overrides the current unit cost. If the new unit cost is zero, then leave this field blank and select the check box on the Adjust To Zero field.

Adjust To Zero

Select this check box to cancel the unit cost value that is previously defined. When you cancel a value, the previous value no longer affects the average costing for your company.

Offset Account

Specify the account information for the desired receipt offset transaction dimension. If the unit cost is increased, then this account is used as the credit account. If the cost is decreased, then this account is used as the debit account on the resulting Global Ledger transaction.

Reason Code

Select a value indicating a location in Reason Codes. The associated offset accounts with the reason code override the default accounts for any transaction except transfers and physical inventory variances.

Line Comment

Provide a comment about this cost adjustment.
Click Submit.