Hi all, I have a question regarding inventory variance that appeared after correcting inventory location in a purchase invoice. Instead to take out an inventory item from one location and put in to other the system created a huge inventory variance entries. I tried to cancel transaction putting the inventory back to the previous location but it did not help. As a result, we have an item code with positive quantity and negative value. There is a discrepancy between balance sheet GL account and sub ledger (inventory summary) numbers because of this. COGS also affected. Balance sheet GL account was increased and logically to fix it we should reduce inventory, but from other hand my inventory item is negative and I should add value... This does not make any sense. Did somebody had this problem and can advise how to fix it?
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