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Former Member

Material Varice Account Effect

Hi,

In Gl Acounts Deternimination , Inventory tab we need define

Varience Account, Why we need To define this Account and How it Effects

Regards

srinivas

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2 Answers

  • Best Answer
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    Former Member
    Sep 30, 2008 at 12:01 PM

    Variance Acct u2013Expense Acct. Only used for Items defined with u2018Standardu2019costing method. Difference between Cost Price and purchase pricein document posted.

    Variance Account is used only for item for which the Inventory Valuation Method is set to 'Standard Costing'

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    Former Member
    Sep 30, 2008 at 02:50 PM

    You may use it to keep track of stock tracking and posting for example. When you write off materials, it has to post to certain account. Ussualy it will go to varience account.

    Thanks,

    Gordon

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