Inventory revaluation accounting

Hi All
I have to revalue an item in a specific warehouse, i set accounting in warehouse GL Decreasing Account = Stock in trade
and GL Increasing Account= Inventory Clearing Account. But when I am entering transaction, system creating JE
Stock in trade = Debit
Stock in trade = Credit
While it should be
Stock in trade = Credit
Inventory Clearing Account = Debit
while i selected same accounts in transaction at row level , any one have any idea?
Thanks

One side of this entry will always be stock, you have the option to have your expense (write off) and income (write on) coding to different accounts. If you have set your decrease account to stock, the entry you described is what you will get:
ie increase in valuation:
Dr Stock
Cr   Income
Decrease in valuation
Dr Expense
Cr   Stock

Similar Messages

  • Intercompany Stock Transport Orders - Inventory Revaluation & GATP

    We have intercompany STOs setup using PO document type NB, using the two-step setup, with delivery and billing document/invoice.
    The issues we are having is APO-GATP and FI/MM related:
    1) FI/MM Issue: Because of the long transit times (6 - 8 weeks in-transit), if the inventory is revalued/recosted after the PGI and before the GR, the difference in the inventory value (between the PGI-643 and the GR-101) ends up being posted to a Price Difference account.  Our Finance department then has to manually identify these postings, and make the necessary adjustments or re-posting to the Inventory Revaluation account.
    2) APO-GATP Issue: We are currently investigating the possible solution of changing this to a one-step setup, and add some kind of user exit or enhancement so that the PGI will also trigger the GR, but the inventory will be received into blocked stock instead of unrestricted stock.  We want the inventory that is in-transit, to NOT be available to GATP.  Then, when the inventory actually arrives at the destination plant, we will post a MB1B movement type 344 into unrestricted stock.  This solution may work if the blocked stock does not get revalued when we post a MB1B mvmt type 344 (we will have to test this out).
    If anyone has come across similar issues as I have attempted to describe above and implemented a solution, or has any ideas or suggestions, I'd be happy to hear them.
    Thank you.

    DB49,
    Yes, we normally revalue our inventory annually, so this issue would be confined to a 6-8 week period when inventory is in-transit.  I believe part of the issue with the price differences, is also related to foreign currency exchange rates (different company code currencies), but I'm not the FI expert either, just been asked to "look into" this issue.
    Another possible scenario is to setup another plant in the receiving company code, with one-step STO, so the inventory will be received into this new plant when it is PGI'ed from the sourcing plant.  Then, create a UB STO from this plant to the destination plant (same company code), which will require another posting when the inventory actually arrives.  There is a lot of master data setup for this (lots of materials and lots of company codes/plants combination), and it will still cause problems for the Logistics people.  Maybe this is something they can do during "that time of the year" when the inventory will be revalued.  It will still require master data setup though.
    I'm aware that there is no "ideal" solution for this.  Whatever proposal we come up with, one group is going to end up with the extra workload to take the burden off the other group.
    Thanks for responding so quickly.

  • Inventory Revaluation

    I need detail information about inventory revaluation, like Tutorial process , import data from DWT , and also how we can do it, and also solution for following matter :Now we have some problem in balance of inventory account, some of them has negative value (Credit) because we register opening voucher by zero for inventory accounts however they have Items and when they issued the item, the account became credit , and now we are going to fix them , so I think the best way is Inventory revaluation but I donu2019t know how can I do this process,
    Thanks

    hello Farhadn,
    The first place where to start looking for documentation is the SAP Business One Customer Portal:
    https://websmp105.sap-ag.de/smb/sbocustomer
    Here please
    - search for the Release 2004 and
    - then for How to guide 2004 A & 2004.2 B.
    Last, open the docuement:
    Continuous Stock System in Release 2004 A and search for material revaluation.
    For information regarding the DTW, I would suggest to use the SDK helpfile.
    Also, can you please explain the issue you have come across again. I am  sorry but I do not understand it. Are you trying to carry out a stock revaluation and it is not working?
    Thank you for your update.
    Marcella Rivi
    SAP Business One Forums Team

  • Price Difference and Revaluation Accounts

    Hi gurus,
    Please tell me that, when system will hit Price Difference Accounts and Revaluation Accounts???
    Thank YOu

    Hi Gverma
    Please note that price difference would happen on the following
    1) If there is a difference between your PO and Invoice price, because GR/IR posting would always happen on PO price only, when you do the invoice verification and there is a differnce, system would post to the price difference to the extent of stock cosnumed ( if you have stock then system would post to inventory account)
    2) regarding revlauation account, when there is difference in your Standard cost estimate with previous month, system posts the difference between current SCE and previous month SCE on the stock.
    3) I am not sure, when you do a material to material transfer also system may post to price difference.
    Regards
    Chandrasekaran A

  • Inventory revaluation variance in COPA

    Hello Gurus,
      I would like to know how inventory revaluation variances due to std cost release are accounted in COPA. 
    At my clients site, the inventory revaluation variance is mapped to a value field.  However, I want to know in the system where exactly this mapping is done. 
    For example:
    In FI revaluation variance = $100
    In COPA the revaluation variance for the corresponding value field = -$100
    Is the +/- functionality in COPA included for revaluation variances?
    Any feedback will be helpful.
    Thank you.

    Hi Sanjay,
    While releasing a cost estimate (using CK24/CK40N), it is asking for CO object assignment for material revaluation cost element. Ideally, I would like this revaluation value to flow to COPA. I would appreciate if you could let me know where we configure this.
    Thank you,
    Ram

  • Inventory Revaluation Variance - IRV

    I need your advice how to treat Inventory Revaluation Variance.
    What account type should I assign to IRV? Asset, Liabilities, Revenue or Expense.Must this IRV account zero monthly?
    Also I want to know if this account balance effect on Balance Sheet/Income Statement ???
    Please Advice ...
    Regards

    You can use COGS account. But I have seen that it is always good to have a separate account as it will be easier to reconcile the account. If you want to reconcile COGS account with sales then if you mix up IRV with COGS it will be difficult to match COGS balance with Sales.
    To reconcile inventory balance with GL Account balance:
    1)You have to start reconciliation with the very first period.
    2)Make sure that you are generating subledger entries with unique item cost. I mean you should have frozen cost for the period, before running subledger update for the period.
    3)I hope you have similar inventory & cost period. After inventory period is closed, run subledger update to pickup all transactions from that period. Also run the subledger update with costing source to make sure all revaluation entries gets generated.
    4)I am not sure how cost adjustment works. I cant help you with that.
    5)Also check if this period's inventory balance = prior period's inventory balance + all transactions in this period. This was not true in our case because of some customization was creating an issue.
    6)Purge empty balances program should be run while other inventory transactions are happening. In our case this has created issue in inventory balances.
    7)Check what the sources for GL Account. You have to separate all sources other than OPM. Inventory balance will tie only if you are having only OPM sources that are affecting account balance.
    8) Account reconciliation needs to be performed at every period end. It keeps on accumulating issues over time and becomes difficult to reconcile later.

  • Asset Revaluation: Depreciation calculation not hiting revaluation accounts

    Dear All,
    I have to revaluate assets. I have done the configuration as follows:
    1. Assignment of Balance sheet and Depreciation accounts for revaluation.
    2. Configured depreciation key so that it will calculate the depreciation on the replacement values.
    3. Selected 'check box' for 'Post Revaluation' in posting rules for my company code.
    4. Defined the depreciation area for posting of acquisition and production cost and depreciation.
    5. Selected 'All values allowed' for 'revaluation' in required depreciation area (01).
    I am posting the revaluation on the asset through transaction 'AB01', after that in the depreciation posting run an accounting document is getting generated for revaluation on APC. The entry is as follows :-
    70 Revaluation acquis. and production cost a/c    x x x
    50 Offsetting a/c revaluation APC                                    x x x
    This entry is correct as per the revaluation scenario but, no accounts are getting posted which are assigned in 'Account assignment for revaluation on depreciation' i.e. 
    1. Revaluation accumulated ordinary depreciation a/c.
    2. Offsetting account revaluation ordinary depreciation.
    System is not postign values on 'revaluation of  depreciation' to these accounts. System is  posting the depreciation revaluation amounts to normal depreciation accounts i.e.
    1. Expenses a/c for ordinary depreciation.
    2.Accumulated depreciation account for ordinary depreciation.
    The required 'depreciation revaluation' accounts are not getting posted (in any period depreciation run).
    Is there any other revaluation configuration that, I am missing here or is there any other way to post to these two 'revaluation on ord. depreciation accounts.' Can anyone shade light on this problem.
    Regards
    Aniruddha
    Edited by: Aniruddha B Mahalle on Dec 19, 2011 12:42 PM

    Dear Rohit,
    Thank you very much for your reply. I followed the same procedure posted by you. While executing AR29, system is giving following error.
    Revaluation data does not agree with date of depreciation posting*
    Message no. APERB023
    Diagnosis
    You want to execute the revaluation posting in period 011/2010. This requires that this period was the last period posted by the depreciation posting run. No other period may be posted after that. The posting run for this period is also not allowed to be still outstanding. According to the log table, the last run posted was 009/2011.
    The asset value date of the asset is 01.04.2011 and have to revaluate this asset in current posting perid (9). The fiscal year is  from 'Aprl-Mar.
    Could you please let me know the following things:
    1. Is it necessay to select the checkbox for 'Post automatically' in the offsetting accounts.
    2. I have created one transaction type 'Z80', it has an account assignment as 'Debit transction'. The posting type options selected in this transaction type are as follows
    a. Post gross --> Yes
    b. Do not post to affiliated company --> Yes
    3. I should use the same transaction type/configure a new one or use any other std. transaction type in 'AR29'?
    4. Is it the case that system takes current date as posting /revaluation date in transaction AR29, because from the error it seems that it is considering the curent date.
    5. Which options from the 'control data for posting' should be selected from ' New valuation of an asset' tab page of 'AR29?
    a.With depreciation write back.
    b. W/out Dep. write vback
    6. If i change the inputes in AR29 transaction, system is giving the following error:
    ''No records were selected''
    7. What should be the correct inputs in transaction 'AR29'
    Please help.
    Regards
    Aniruddha
    Edited by: Aniruddha B Mahalle on Dec 21, 2011 7:12 AM

  • Need to setup a liability GL as  inventory revenue account

    Dear All,
    Is there a way to setup a liability GL as inventory revenue account?
    When I setup GL by item level then go revenue GL for either warehouse, I can only select revenue account. But some of the revenue GL should be liability account. Our consultant said he did some changes and made it worked before. But we cannot figure out how. Please help. Thanks in advance.
    Regards,
    Yuka

    Hi,
    Go to your Chart of Accounts. Select the G/L Account that need to be changed and change the Account Type to be Expenditure. Go to Edit Chart of Accounts and move the account from Liabilities to Expenditure. Just remember if you do this, the accounts will be part of the P&L and not be part of the Balance Sheet anymore.
    Kind regards
    Carin

  • Link revaluation accounts to different General Ledger accounts

    Hi,
    Could you tell me the Path or Transaction code to create revaluation account to the General Ledger accounts.
    Regards,
    Swetha

    Please be more elaborate in your query.
    Karthik

  • Can I add a column in Inventory Revaluation document?

    hi experts,
    I'm trying to add a column in Inventory revaluation, but I can't find any related document in the tool of User-Defined fields. are there any way to add a field to Inventory Revaluation?
    thanks...

    Hi,
    In the tools of UDF, could you find Inventory Revaluation under Inventory?
    Thanks,
    Gordon

  • Inventory Issue Report by Inventory Offset account in XL Report

    Hi All,
    I generated the XL report for All inventory Goods issues with quantity and values in SAP 2007b, I am facing a problem for sorting the report by Inventory offset account.
    Can Anybody help me.
    Regards,
    Kirankumar.a

    Hi
    Is offset account column is available in your excel sheet ?
    Exactly which SAP B1 reporting option you have used ?
    Please mention all the steps you  have followed to derive the report.
    BR
    Samir Gandhi

  • Inventory Revaluation Error : This entry already exists in the foll.table

    Dear community members,
    For Inventory Revaluation, we have used Primary Series for fiscal
    year2008-2009( April2008 -March2009) and total number of documents
    posted last fiscal yr are 43(Primary 1 to Primary 43)
    Starting Fiscal year 2009-2010(April2009-March2010), we havedefined
    series 09-10 (First Number 1) and assigned it to current fiscal year
    (Period Indicator 09-10), but when we are trying to post first
    Inventory Revaluation documnet for fiscal year 09-10 (Series 09-
    10,documnet number 1) , system gives an error "This entry already
    exists in following table(OMRV)
    Please provide the solution ASAP
    Regards,
    Mukesh Agrawal

    Hi,
    You can check the similar settings in the Demo database and if the issue is not reproduced, it can be a database corruption.
    Probably, you need to log a support Ticket to SAP in order to get your issue investigated.
    Kind Regards,
    Jitin
    SAP Business One Forum Team

  • NEGATIVE BALANCE IN INVENTORY CONTROL ACCOUNTS

    Hi SAP Gurus,
    Is there any t-code which could be used to pull;
    - Inventory Dr items and GR/IR credit items - (Assignment to used is Vendor PO, Customer Sales order).
    - Negative balances under inventory control accounts.
    I search the forums but couldn't find any relevant information.
    Please help, it's urgent.
    Regards

    Hi
    Go through the following path to use the NEGATIVE POSTINGS:
    SPRO-Financial Accounting(new)-Accounts receivable and accounts payable-Business transactions-adjustment posting/reversal-permit negative postings
    Award points if it is useful.
    Thanks & Regards,
    A.Anandarajan

  • Gain Revaluation Account  in MIR

    Hi,
      Gain Revaluation account is hitting in MIRO, for material having moving price.
      I could not able to find the right reason for this, one thing i observed is, in PO for this material their is change in quantity has took place and half GRN has been made.It will be of great help if any one provide the reason for this

    Hi,
    Even MAP controlled materials sometimes cannot post variances direct to the stock account. This normally happens because there is not enough stock to post the variance to. For example if a GR of 20 items takes place at 10 USD, 200 USD will be posted to the stock account. If the invoice comes in for 20 USD and additional 200 USD will be posted to the stock account to correct the values. BUT if the 20 items have been used or written off the invoice verification cannot post the 200 USD to the stock account because there would be a value of 200 USD and no qty. In this situation variances for MAPs are written to the appropriate price variance (or gains / losses due to revaluation) accounts instead of the stock account.
    this may have happened in this case (a price variance or exchange rate variance plus or minus).
    Steve B

  • Inventory Revaluation - Price Change (Error (-5002) in DTW)

    Hi All ,
    I want to do the Inventory Revaluation of FIFO Item through DTW.
    There are set of three Template  (OMRV - Doc Header , MRV1 - Doc Lines ,  MRV2 - FIFO Layers)
    Here comes a error : Internal Error (-5002) occurred Application defined or Object Defined error65171
    Please suggest !
    Thanks
    Ashish

    Hi Ashish.......
    Please check the Format Cell of the Price Column and it should be Text.
    Most of the time the problem because of Format Cell........
    Regards,
    Rahul

Maybe you are looking for