Hi All,
I was running inventory close procedures and saw this very large amount on my settlements voucher debiting account 501000 (Material COGS - expense) and crediting 505100 (Inventory transactions-expense).
501000 is the account we have set up for sales order consumption, and 505100 is what we have set up for inventory loss. Why is this not, instead crediting the account set up for inventory issue: 104300 (FG Inventory)??
Any help would be greatly appreciated!
Finally, what is the effect of not doing anything about the Open Quantities that come up in the Check Open Quantities Report before running inventory close?
What can be done to fix these before running close??
Thanks!!