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Evo-ERP and DBA Classic >> Items >> Avg Cost x Units vs Book Value
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Message started by benp on 04/30/03 at 06:47:26

Title: Avg Cost x Units vs Book Value
Post by benp on 04/30/03 at 06:47:26

When I print the Inventory Value (IN-F). On a few items I get small differences ($ .05, $.10) between the Avg Cost x Units and the Book Value. Is this normal?

Title: Re: Avg Cost x Units vs Book Value
Post by aricon on 04/30/03 at 09:29:52

Yeah. The report rounds. And it does not neccessarily round the same as other functions within the program.

Title: Re: Avg Cost x Units vs Book Value
Post by Lynn_Pantic on 04/30/03 at 09:40:01

It can also be the result of inventory going negative at one unit cost and the replacement coming in at a slightly different unit cost. You can reset the Book Value to be equal to the on hand X AVG Cost using UT-K-G and then at the end of the report, it will tell you the total value of the change made by GL Account so you can make a Journal Entry. The UT-K-G report makes no accounting entry.