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Is variance account needed for moving average item valuation?

Hi All,

My client is currently using SAPB1 ver.2005 and upgrade from ver.2004.

After upgrade, in ver.2005, they want to add A/P credit memo that is copied from A/P invoice they have created earlier in ver.2004.

When they tried to do that, system prompt an error message saying "Inventory account is not defined, 'item code' (message 173-77).

So I defined a variance account in G/L account determination, under purchase tab.

G/L Determination -> Purchase Tab -> Expense and Inventory Account.

Therefore, what is the cause of this as they never encounter this in ver.2004. They didn't change anything in the G/L determination as well.

Please help..

Regards,

Kevin

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  • Posted on Jun 09, 2008 at 08:40 AM

    Hi,

    you could read this thread ;

    Inventory Account is not Defined

    or

    Inventory Account not defined!!

    for the inventory account not define problem.

    Rgds,

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  • Posted on Jun 13, 2008 at 02:14 AM

    Hello Kevin, please confirm that you did the GRN and AP invoice in v 2004 then added the AP credit memo in v2005.

    Variance Account-Expense and Inventory Acct Define a variance G/L account for clearing journal entries created by:

    A/P credit memos based on A/P invoices

    This behavior has been changed from v2004. You need to have the Variance account defined for AP credit memo. Even though the current posting has no value change, still need to get it defined.

    Regards,

    Wilma Wang

    SAP Business One Forums team

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