Separate accounting on physical inventory variances
Requirement
In Slovenia, separate inventory accounts must be set up for raw material, semifinished goods, finished goods, and traded goods for all inventory accounting events.
Positive and negative variances in VAT payable must be calculated manually.
M3 solution
These specific requirements for separate accounting transactions are supported. A reason code allows differentiated accounting depending on the reason of the inventory variance.
Configuration guidelines
| Program ID | Program name | Description or comment |
|---|---|---|
| CRS395 | Accounting Rule. Set |
Set up separate inventory accounts for raw material, semifinished goods, finished goods, and traded goods, for all accounting events of type ‘910-Inventory’. Define exemption MM30-908, based on reason code MTRSCD, for positive and negative variances in physical inventories to be accounted on separate accounts. This exemption allows the manual calculation of positive and negative variances in VAT payable. |