Bruce; Firstly does this occur often enough that it is going to affect the performance evaluation of your purchasing people?
Secondly Axapta has to make this entry because the alternative is to put an item into inventory at a cost different form standard and this is not possible. I did a test where I sold an item, changed the standard cost, returned the item through a negative SO. The entry for Inventory and COGS for the return was at the new cost but when I did an inventory adjustment for this item it reduced inventory and COGS to the original cost and did not post anything to the Standard Cost revaluation account. These appeared to be the correct entries. How are you returning the item? -----Original Message----- From: frodnew57 [mailto:[EMAIL PROTECTED] Sent: Tuesday, January 18, 2005 12:23 PM To: Axapta-Knowledge-Village@yahoogroups.com Subject: [Axapta-Knowledge-Village] Price Variance Transactions Our company keeps both its finished and raw material inventory on a standard cost basis. The system is recording the difference between the price paid for goods purchased and the standard value to the price variance account - and that is fine. But, when goods are returned from a customer and put back to inventory, and the standard cost has changed since the goods were initially shipped, the system is also creating a price variance entry. The negative cost of goods sold entry is being made at the old cost of sales and inventory is being updated based on the current cost - hence the difference. Is there any way to disable this portion of the price variance functionality? We would prefer price variance entries be based strictly on purchases - never on sales activities. Or at a minimum be able to segregate these types of entries. We want to hold the purchasing department responsible for managing the price variances, but the returns issue clouds the water. Any suggestions? Thanks, Bruce Sharing the knowledge on Axapta. Yahoo! Groups Links ------------------------ Yahoo! Groups Sponsor --------------------~--> In low income neighborhoods, 84% do not own computers. At Network for Good, help bridge the Digital Divide! http://us.click.yahoo.com/EpW3eD/3MnJAA/cosFAA/kGEolB/TM --------------------------------------------------------------------~-> Sharing the knowledge on Axapta. 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: http://docs.yahoo.com/info/terms/
