Hi Jan,
I am from the Philippines. Unfortunately I am not an accountant and am not
aware of whether we follow the Normandy or Anglo-Saxon accounting method for
stock valuation.
What I do observe is that the last stock valuation operation done by Production
Orders seems to be incorrect. Specifically, the debits and credits should be
flipped around to make this correct.
Based on my observations, the Production Orders creates three stock valuation
transactions in this order:
1. (On Start)
a. Option 1: Debit Raw Material Cost from Production Location Inventory
Account, Credit Stock Location Inventory Account.
b. Option 2: Debit Raw Material Cost from Raw Material Stock Out, Credit
Stock Location Inventory Account.
2. (On Done)
a. Option 1: Debit Finished Good Cost from Stock Location Inventory
Account, Credit Production Location Inventory Account.
b. Option 2: Debit Finished Good Cost from Stock Location Inventory
Account, Credit Finished Good Stock In.
3. (On Done) Exactly the same as (On Start), above. This is the part that is
incorrect.
What do you think?
------------------------
Federico Sevilla III
F S 3 Consulting Inc.
http://www.fs3.ph
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