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  • 1.  Negative Inventory Value - no Inventory

    Posted Dec 09, 2021 08:21 PM
    Hello,

    We have a location code setup, think of it as a holding location, inventory goes in and is immediately posted out on sales documents. There were some Exchange rate issues that caused some items to post with incorrect costs. Now the issue is we have a handful of items in this location with 0 inventory but inventory value.  This is making it so we can't balance our inventory valuation to our GL.

    How can I adjust these items' inventory values down to $0.00?

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    Oliver Etherington
    Technivorm Moccamaster USA
    Portland OR
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  • 2.  RE: Negative Inventory Value - no Inventory

    Posted Dec 10, 2021 07:19 AM
    Oliver,
    What is the costing method on these items?  Do you run the Adjust Cost Item Entries routine regularly?

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    Chris Young
    Chief Financial Officer
    Clients First Business Solutions
    Holmdel NJ
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