PV source journals

Question

Looking for best practice recommendations on how users handle the PV source journals where ROG unit cost differs from ROI. Do you go inventory adjustment to correct the unit cost if so how often monthly, annually etc. Thanks.

Kevin M · Accepted Answer

If the differences are big, and the inventory is on hand, you can do adjustments to re-value the stock (and correct current cost/expense amounts). Otherwise, the Purchase Variance account should be a cost/expense type, so you really shouldn't need to do anything.

Sage 100

PV source journals

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