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Transaction Entry | Inventory Negative Tier Adjustment | ||
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Use Inventory Negative Tier Report to alert you to any LIFO, FIFO, lot, or serial inventory items that have a negative quantity in a cost tier. Negative cost tiers are created when a LIFO, FIFO, lot, or serial item is overdistributed (the quantity on hand for the item is a negative number). To ensure that proper costing values are used for the item, it is necessary to adjust the negative quantities against other cost tiers (receipts, lot numbers, or serial numbers) that contain a positive quantity.
Note Using a future period positive cost tier to adjust a negative cost tier will result in an out-of-balance inventory trial balance.
You can enter a selection of product lines and warehouses to print. Use the information on this report to enter adjustments in Transaction Entry. Use Inventory Negative Tier Adjustment to automatically adjust LIFO or FIFO items with negative tiers; lot and serial item adjustments must be entered in Transaction Entry.
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