Capture Item Price and Variance Reason

Purpose

Capture the new Stock Item Price and reason for a variance, if applicable, for each Stock Item.

Before you start

How to… Capture the revalued Item Price and Variance Reason

1.   Open the Stock Revaluation edit window for the Stock Revaluation.

2.   Click  then Stock Take Items.
The Stock Revaluation Items for Stock Revaluation window opens.

     

3.   Enter the New Item Price and Reason for each Stock Item that was revalued.

4.   Enter the Reason for the variance between Old Item Price and the New Item Price if applicable.

5.   Save the record.

Data fields

These data fields are captured or displayed for each Stock Revaluation Item.

Field

Description/Setting

New Item Price

The new Average Cost for the Stock Item.

Reason

The reason for the variance between Old Item Price and the New Item Price.

As a result...

 What can I do?

These non-standard tools are available on the Stock Revaluation Items for Stock Revaluation window.

Click…

To…

Update the reason for all the Stock Revaluation Item variances.

Enter the Reason for the Item Price Variance then click OK.

As a result, the Reason is displayed for each Stock item with a variance on the Stock Revaluation Items for Stock Revaluation window.