Inventory Variances (whina1516m000)Use this session to view inventory variances. To indicate whether the inventory vairances must be assigned to inventory or posted to Financials, use the To be Consumed by Inventory check box in the current session. You can execute both the consumption and posting with the Process Inventory Variances (whina1200m000) session.
Item Inventory Unit The unit of measure in which the inventory of an item is recorded, such as piece, kilogram, box of 12, or meter. The inventory unit is also used as the base unit in measure conversions, especially for conversions that concern the order unit and the price unit on a purchase order or a sales order. These conversions always use the inventory unit as the base unit. An inventory unit therefore applies to all item types, also to item types that cannot be kept in stock. Warehouse Total Amount The currency in which the item is valued. From the Tools menu, choose Rotate Currency to switch home currencies. Transaction Date The date on which the inventory variance is created. Quantity The item quantity of the inventory variance. Total Amount The total amount of all effective cost components of the inventory variance per item/warehouse combination. From the appropriate menu, start the Inventory Variance - Cost Details (whina1517m000) session to view the amounts per effective cost component. Total Hours The total number of hours for all the effective cost components of the inventory variance for the item/warehouse combination. Note You can view this field only if the Show Hours in Costing check box is selected in the Implemented Software Components (tccom0100s000) session. Distribution Line The sequence number of the cost peg distribution line. To be Consumed by Inventory If this check box is selected, LN will attempt to consume all the variance by inventory when the Process Inventory Variances (whina1200m000) session is run. Any part of the variance that cannot be consumed by inventory is posted directly to Financials. If this check box is cleared, the entire variance will be posted directly to Financials when the Process Inventory Variances (whina1200m000) session is run. Processed If this check box is selected, the inventory variance is processed. A processed inventory variance is posted directly to Financials, or added to the inventory value. LN selects this check box if the inventory variance is processed with the Process Inventory Variances (whina1200m000) session. Inventory Variance Origin The origin of the inventory variance. Inventory Variance Origin Sequence Type of Order The kind of order that created the inventory variance. Order The warehouse order number of the order that created the inventory variance. Order Line The position number of the line in the warehouse order that created the inventory variance. Sequence The internal sequence number of the order line that created the inventory variance. Receipt Line The number of the receipt line of the order line that created the inventory variance. Payable Receipt Sequence The sequence number of the purchase payable receipt generated for the receipt and purchase order that created the inventory variance. Inventory Variance Sequence The inventory variance sequence number. For a particular order origin, order, order line, order line sequence, receipt, and receipt line, one or more variances can occur. Each variance is numbered by the inventory variance sequence displayed in this field. In this way, you can see which variance caused a particular financial transaction. This field obtains value 1 for the first combination of a particular origin, order, order line, order sequence, receipt, and receipt line. For the second combination of the same origin, order, order line, order sequence, receipt and receipt line combination, and so on, this field obtains value 2. For example, if a production order is closed with a price variance and an efficiency variance, LN generates two records, with sequence 1 and 2. If the production order is opened again, LN generates two new records, with sequence 3 and 4. Department The code of the department, usually the purchase office, that creates the purchase order or purchase schedule that created the inventory variance. Description The description or name of the code. Actual Log Date The current date and time when the inventory variance takes place. Note This is a display field. Process Date The date on which the inventory variance is processed. Warehouse Valuation Group The code of the warehouse valuation group related to the receipt transaction for the valuation method MAUC by valuation group. Note This field is applicable only if the valuation is MAUC by warehouse valuation group. Description The description or name of the code. Project The code of the project related to the inventory variance. Note This field is enabled only if project pegging is implemented. LN allows you only link the projects that have Project PackageLinked set to Project. Description The description or name of the code. Customer Owned The items to which the transaction pertains are customer owned.
Toggle Consumption Use this option to check or clear the To be Consumed by Inventory check box for the selected variance line. If the check box is selected, LN will attempt to consume all the variance by inventory when the Process Inventory Variances (whina1200m000) session is run. Any part of the variance that cannot be consumed by inventory is posted directly to Financials. If the check box is cleared, the entire variance will be posted directly to Financials when the Process Inventory Variances (whina1200m000) session is run. Cost Details Starts the Inventory Receipt Transaction - Cost Details (whina1513m000) session.
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