Inventory Variance (whina1616m000)
Use this session to view individual inventory variance records.
Field Information
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- Item
- Warehouse
- Site
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- Site Description
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The description or name of the code.
- Transaction Date
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The date on which the inventory variance is created.
- Actual Log Date
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The current date and time when the inventory variance takes place.
- Sequence
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- Receipt
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The number of the receipt of the order line that created the inventory variance.
- Receipt Line
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The number of the receipt line of the order line that created the inventory variance.
- Payable Receipt Sequence
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The sequence number of the purchase payable receipt generated for the receipt and purchase order that created the inventory variance.
- Department
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The department, usually the purchase office, that created the purchase order or purchase schedule that created the inventory variance.
- Process Date
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The date on which the inventory variance was processed.
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- To be Consumed by Inventory
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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
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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.
- Ownership
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The ownership of the inventory.
Allowed values
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Company Owned
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Consigned
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Customer Owned
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- Type of Order
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The kind of order that created the inventory variance.
- Order
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The warehouse order number of the order that created the inventory variance.
- Line
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The position number of the line in the warehouse order that created the inventory variance.
- Sequence
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The internal sequence number of the order line that created the inventory variance.
- Quantity
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The item quantity of the inventory variance.
- Inventory Unit
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The inventory unit by which the variance quantity is expressed.
- Inventory Variance Origin
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The origin of the inventory variance. Variance origin
- Inventory Variance Sequence
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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.
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