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stockvaluationprepetual
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mohamed hekal

I have configured average costing for all products and perceptual Stock Valuation

- all purchase orders are Confirmed, invoiced and Validated

- all inventory receipts (input) is validated 

- all devilry orders (refunds, output) is Validated

the problem is all stock input account not reversed in stock valuation account as shown below in the trail balance:

 . Stock Valuation Account 453,470.32

.. Stock Interim Account (Received) 7,389.09

  Account Payable -460859.42

and Stock Valuation report balance is matched with the Trail Balance

please help me with this issue i need to solve the problem and in my case Stock Interim Account (Received) amount should be added to stock valuation 

and thank you for helping 


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Chris TRINGHAM
Best Answer

Are you using "Continental" or "Anglo-Saxon" Accounting.  That will affect the postings (some explanation here). 

In Anglo-Saxon accounting, the Stock Interim Account should be used to record a liability that will be posted to Accounts Payable when you create Vendor Bill.  It would NOT affect stock valuation. 

Another problem is that the Stock Interim Account is also used by Inventory Adjustments which can be confusing, and it's better to change this.

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