![]() The cookie is used to store the user consent for the cookies in the category "Performance". This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other. The cookies is used to store the user consent for the cookies in the category "Necessary". The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". The cookie is used to store the user consent for the cookies in the category "Analytics". These cookies ensure basic functionalities and security features of the website, anonymously. ![]() Necessary cookies are absolutely essential for the website to function properly. ![]() Read more “How To” blogs from ArcherPoint for practical advice on using Microsoft Dynamics NAV. If you have any questions about this process or other technical questions about Dynamics NAV, please contact ArcherPoint. This means all the COGS entries that were created for this item at the wrong cost will be corrected. The adjust cost item entries report would find any transactions that have consumed this inbound transaction, and adjust the cost of those entries to match the new unit cost. Be sure to run the Adjust Cost Item Entries report after posting this journal. Inventory adjustment account associated with that Gen.Inventory account associated with this item’s Inventory Posting group code (at that location).This will now correct the inbound cost of the item ledger entry. After reviewing this transaction to make sure the new Unit Cost revalued field is correct, you can post the journal.ħ. Example of the Revaluation Journal with the Unit Cost Changed.Ħ. Calculate the Amount field to equal the amount of the revaluation journal (the correcting amount).įigure 5.Recalculate the Inventory Value (Revalued) to equal the new inventory value of the transaction.Populate the Unit Cost (Revalued) field with the correct Unit Cost for this transaction. Example of Revaluation Journal line populated.ĥ. NAV will populate the balance of the fields.įigure 4. Example of the Journal Line with Applies-to Entry field populated.Ĥ. This can be entered manually, or can be found by drilling into this field and selecting the correct Item Ledger Entry.įigure 3. Applies to Entry – Item Ledger entry of the output journal being corrected. ![]() – This may automatically assign a number, or you may manually assign a document number Populate the Revaluation Journal by entering the following fields: Open the Revaluation Journal by following the links: Warehouse > Inventory > Revaluation Journal.įigure 2. This can be done several ways, but one way is to filter on the Item Ledger entry records using the following criteria:Ģ. Find the Item Ledger Entry that needs to be corrected. If the Output Journal entry is left with the incorrect cost, Inventory and COGS entries for future (or already processed) sales shipments will be stated incorrectly if the processing error is not corrected.įollow the steps below to revalue that Output Journal Entry:ġ. There are times that you need to revalue an Output Journal entry due to an error in processing.
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