Stock Variance Posting Setup
- Lou Dizon
Enable Plug-In Implementation
Go to Customization > Plug-Ins > Manage Plug-Ins and check the Finland Stock Variation Postings box.
Configure Plug-In Implementation
To configure Plug-In implementation:
Go to Customization > Plug-Ins > Plug-In Implementations.
Click View next to Finland Stock Variation Postings.
Click Configure:
Custom GL Lines are run for the selected transaction types and subsidiaries. Below is the list of the supported types:
Item Receipt
Item Fulfillment (when created from Vendor Return Authorization)
Vendor Bill (stand-alone Bills)
Work Order Issue
Work Order Completion
Note: Vendor Credit is not supported. Instead, use Vendor return Authorization to send the goods back to the supplier.
Select the types you need to run the script on.
If there are large amounts of lines/transactions, Asynchronous box is strongly recommended since there is no need to do these postings in real time.
Default Settings in Chart of Accounts
Default accounts should be set for 3 different kinds of posting:
Default account for stock variation posting (usually finished products)
Default account for WIP (and/or Raw material) variance
Default account for purchases within fiscal year (expense account)
Vendor Setup
In addition to default account settings, it is possible to set up the following:
On Vendor record, a vendor specific Purchase account is used instead of CoA default. Use case: Vendor XY is an Intercompany Vendor and therefore has its own Purchase account.
On Inventory Asset account record, a specific Stock Variation Account is used instead of CoA default.
Use case: when two different asset accounts are being used, for example Raw Materials and Finished Goods on items that are received into inventory, and the stock value needs to be changed for both of these separately.
Note: Verify the installation and configuration by editing/creating at least one item receipt to validate the GL Impact.