RE: [Axapta-Knowledge-Village] DIFFERENCE BETWEEN FINANCIAL AND PHYSICAL INVENTORY VALUES

[Van Den Langenbergh Gunther]

Also in production you have the same difference between physical amount and financial amount (like with a purchase: packing slip: physical and invoice: financial). Physical amount you could consider as an temporary amount (must be ON in inventory model group). If i'm not mistaken: a production is also a receipt and creates a physical amount when reported as finished (temporary) and a financial when costing (postcalculation) = definitive.  Although I never used standard cost price as a validation method (I mainly use AWP) I saw that physical amount was based on qty * costprice (from item table) and financial was the real costprice (i.e. total of components and operations).  So in case of FIFO or AWP this will definatly always be different.  I only don't know what Axapta takes in case of standard costprice.  I should think: the totals of (QTY's * the standard cost of component) and totals of operations or maybe QTY * (standard cost of your produced item).  But the last one seems to me not logic and it that case ofcourse you would end op with the same amount (if the qty's where equal).   Gulan From: Des Patsourellis [mailto:[EMAIL PROTECTED] Sent: vrijdag 3 december 2004 12:23 To: [EMAIL PROTECTED] Subject: RE: [Axapta-Knowledge-Village] DIFFERENCE BETWEEN FINANCIAL AND PHYSICAL INVENTORY VALUES Thank you for your reply Gulan   There was definitely no change in the cost price between the finished and costing phases as we are testing in a very controlled environment. What do you understand the difference between physical and financial inventory to be ?  We have done further testing and each production order seems to create a variance between these two values. We have also tried switching off the financial inventory posting in the inventory model group,but then nothing is posted to the finished goods and work in progress accounts (posting only happens to the “report as finished” accounts).   Regards Des   From: Van Den Langenbergh Gunther [mailto:[EMAIL PROTECTED] Sent: 03 December 2004 11:06 AM To: [EMAIL PROTECTED] Subject: RE: [Axapta-Knowledge-Village] DIFFERENCE BETWEEN FINANCIAL AND PHYSICAL INVENTORY VALUES   Hi, I'm not sure but I remember that standard costprice also should be recalculated/closed (according to a specified model) Although receipts and issues are posted at standard costprice their could be manual changes to the items costprice. Maybe their was a change in costprice between reported as finished and the time of costing the production order. gulan -----Original Message----- From: despo1812 [mailto:[EMAIL PROTECTED] Sent: woensdag 1 december 2004 14:47 To: [EMAIL PROTECTED] Subject: [Axapta-Knowledge-Village] DIFFERENCE BETWEEN FINANCIAL AND PHYSICAL INVENTORY VALUES Hi everyone, I would appreciate your help on the following: I have created a production order which carries a cost of R191.70 When analyzing the integration entries in the Chart of Accounts I noticed the system posts Physical Inventory to the value of R191.66 and Financial Inventory to the value of R191.25 and posts the difference to Inventory Adjustment Profit. If one is using Std cost why does it generate this difference? Kind regards, ------------------------ Yahoo! Groups Sponsor --------------------~--> Make a clean sweep of pop-up ads. Yahoo! Companion Toolbar. Now with Pop-Up Blocker. Get it for free! http://us.click.yahoo.com/L5YrjA/eSIIAA/yQLSAA/kGEolB/TM --------------------------------------------------------------------~-> Sharing the knowledge on Axapta. Yahoo! Groups Links Sharing the knowledge on Axapta. Sharing the knowledge on Axapta. Sharing the knowledge on Axapta. Yahoo! Groups Sponsor ADVERTISEMENT Yahoo! Groups Links To visit your group on the web, go to: http://groups.yahoo.com/group/Axapta-Knowledge-Village/   To unsubscribe from this group, send an email to: [EMAIL PROTECTED]   Your use of Yahoo! Groups is subject to the Yahoo! Terms of Service.