Calculation of Monetary Correction for Chile

Calculating monetary correction

To calculate the monetary correction in the Calculate Monetary Correction of Inventory (lpchl2213m000) session:

  1. Specify the Financial Company, Year and Monetary Correction code for which the monetary calculation must be calculated.
  2. Define the From and To ranges for:
    • Item Group
    • Item Valuation Group
    • From Item
    • To Item
Note: 
  • Only warehouses linked to the selected financial company are considered.
  • Item/warehouse combinations with Inventory Valuation Method set to Standard Cost are not considered.
  • Only company owned inventory/transactions are considered (customer owned, consigned and quarantine inventory are not applicable for monetary correction).
  • If an item origin is Mixed, an entry is created in the Monetary Correction Calculations of Inventory (lpchl2113m000) session. However, the fields which depend on the item classification are left blank.
  • When the session is executed multiple times for the same financial company, year and monetary correction code, previous monetary corrections for the item are overwritten, if the status is not set to Finalized.
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