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Negative Inventory Balance in Chart of Accounts

Oct 28, 2016 at 01:52 AM

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Hi Everyone,

I have created 2 warehouse A and B. And each of them is assigned 2 separate account for them in terms of Inventories.

1023000 - Inventories

1023001 - Inventories - A

1023002 - Inventories - B

I have ordered 10 item X which unit price is $100 and stored in warehouse A.

I have also ordered 10 item X which unit price is $1000 and stored in warehouse B.

The cost of item X is $550 as I am using the moving average method.

Now, I am issuing the SO and delivery note, the order includes 10 item X from warehouse A. The balance of 1023001 becomes negative, i.e. -4500, and the 1023002 remains $10000.

BUT how to fix the negative balance?

Best Regards,

Daniel

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1 Answer

Pradnya S Oct 28, 2016 at 06:49 AM
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Hi Daniel,

Have you observed the item movement with the help of inventory posting list or have you gone through inventory audit report ?

Kindly observe these reports, I am sure you will get some clue.

Also, was there any kind of warning about negative inventory while punching delivery ?

check these things, you will arrive at least at some findings.

Regards

Narayani

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