Openbravo Issue Tracking System - Openbravo ERP | |||||
| View Issue Details | |||||
| ID | Project | Category | View Status | Date Submitted | Last Update |
| 0031232 | Openbravo ERP | 04. Warehouse management | public | 2015-10-22 17:30 | 2015-10-22 17:30 |
| Reporter | VictorVillar | ||||
| Assigned To | Triage Omni WMS | ||||
| Priority | urgent | Severity | major | Reproducibility | always |
| Status | new | Resolution | open | ||
| Platform | OS | 5 | OS Version | ||
| Product Version | pi | ||||
| Target Version | Fixed in Version | ||||
| Merge Request Status | |||||
| Review Assigned To | |||||
| OBNetwork customer | |||||
| Web browser | |||||
| Modules | Core | ||||
| Support ticket | |||||
| Regression level | |||||
| Regression date | |||||
| Regression introduced in release | |||||
| Regression introduced by commit | |||||
| Triggers an Emergency Pack | No | ||||
| Summary | 0031232: Inventory variance resulting from Manufacturing | ||||
| Description | Electricity Cost is an estimation. And therefore, logically there would be difference / variance with the “real” Electricity bill paid. What we are missing is how this difference is treated in the accounting reports. Certainly the Finished Goods Inventory account will reflect only the “estimated” value, because it is calculated using an estimated cost. Where will the variance appear? And what can be done to make the Finished Goods Inventory account reflects the actual value in financial reports? | ||||
| Steps To Reproduce | Electricity Cost is an estimation. And therefore, logically there would be difference / variance with the “real” Electricity bill paid. What we are missing is how this difference is treated in the accounting reports. Certainly the Finished Goods Inventory account will reflect only the “estimated” value, because it is calculated using an estimated cost. Where will the variance appear? And what can be done to make the Finished Goods Inventory account reflects the actual value in financial reports? For comparison, when we purchase raw materials, any costs related to the acquisition of the goods (purchase price + landed cost) can be added to the Raw Material Inventory account. And if the Goods Receipts is posted with different value from the Purchase Invoice, Matched Invoice will be able to capture the difference/variance. And this variance can be allocated/corrected to the raw materials to reflect a more accurate inventory value. | ||||
| Proposed Solution | |||||
| Additional Information | |||||
| Tags | No tags attached. | ||||
| Relationships | |||||
| Attached Files | |||||
| Issue History | |||||
| Date Modified | Username | Field | Change | ||
| 2015-10-22 17:30 | VictorVillar | New Issue | |||
| 2015-10-22 17:30 | VictorVillar | Assigned To | => Triage Finance | ||
| 2015-10-22 17:30 | VictorVillar | Modules | => Core | ||
| 2015-10-22 17:30 | VictorVillar | Triggers an Emergency Pack | => No | ||
| There are no notes attached to this issue. |