Hi, the inventory value report shows discrepancy with GL and the balance in the WIP ledger account seem to bridge the gap. We have production orders that are not ended. All the picklist and RAF are offset by WIP account 1000. both Picklist and RAF receipt are posted to one inventory account 250000. only when production ended, that Production issue goes to 25000 and Production Receipt goes to FGI - 35000.
Right now, I am comparing inventory with sum of 25000+35000. I think the question is to double check if WIP account should be included. Appreciate your input.
we are not using 'physical value' or marking. we have POs that are not yet invoiced as well. We don't use Labor or OVH.
also quick question. When Production Starts and RAF, physical update takes place and ledger account 25000 is posted offset by WIP - 1000. So inventory physical amount should reflect and match to the ledger accounts. correct?
From PO perspective, we have used one account for both product receipt and purchase inventory receipt. So purchase accruel (physical amount) and purchase expenditure for product (financial amount) will reflect the total Purchase inventory receipts. is that Correct?
appreciate your inputs.