Inventory Revaluation

[former_member573912]

I want to change the price of the items which i posted in Inventory opening Balance.If the price of the item is 10 INR , i changed it to 20 INR from inventory revaluation.But the new price didnt show in inventory warehouse report . It shows the old price 10 INR only.
Please provide the solution

[former_member573912]

fifo

[Abdul]

First of All please use comment in answer option while responding to an answer so that the guy who answered know you replied.

You can change price maximum to a level for remaining stock on fifo layers for example an item has opening balance of 10 with price of 10 and then its purchased 10 more items at the price of 12 if first 10 items are still in stock then you can change its price otherwise you have to adjust price of second layer to include impact of price or reverse all transactions after opening balance and correct the price and re post again.

[Abdul]

WHat is Valuation method you are using and after opening balance other transactions has been posted or not if other transactions has been posted and you are using moving average method then you cannot change price of posted opening balance or posted transactions you can change price of current stock only but in ledger it can hit on opening balance date because in ledger transactions affects at posting date while in Inventory it affects on system date if moving average method is used.

[Johan_H]

Hi,

You need to change the price of the entire stock quantity in the Inventory Revaluation.

Regards,

Johan