Commit Stock Revaluations

Purpose

Identify that the Stock Revaluation is complete, and the price for each Stock Item has been changed.

How to… Commit a Stock Revaluation

1.   Click Material Manager - Stock Changes - Stock Revaluation then .
The Stock Revaluation browse window opens.

2.   Highlight the Stock Revaluations that must be committed.

3.   Click .
The Commit Stock Revaluation message is displayed.

4.   Click OK.

5.   Refresh the Stock Revaluations browse window.

As a result...

• Two Stock Revaluation Variance transactions are generated for each Stock Item with a non-zero Variance; one to zeroise the Stock Item's current Item Cost (Average Cost), and the other to replace the Item Cost (Average Cost) with the New Item Price.
  For example, if a Stock Item's current Item Cost is '8.95' and the New Item Cost is '10.50' then:
• • The first Stock Revaluation Variance transaction's Balance is '-8.95', and the Stock Item's Item Cost becomes '0.00',
  • The second Stock Revaluation Variance transaction's Balance is '10.50', and the Stock Item's Item Cost is '10.50'.
• The Stock Items are unlocked and can be issued and received.
• Committed is ticked and Locked is cleared on the Stock Revaluations browse window.
• Committed is ticked and Locked is cleared on the Stock Revaluation - Details tab.

Business rules

• A Reason must be captured for each Stock Item with a non-zero Variance.
• The Stock Revaluation details cannot be changed if the Stock Revaluation is committed.
• A Stock Revaluation cannot be committed if a selected Stock Item is locked for another Stock Revaluation or Stock Take.

Please note!

• A Stock Revaluation can be committed from the Stock Revaluations browse window or the Stock Revaluations edit window.
• Click Material Manager - Stock Analysis - Material Transaction List then  to see the Stock Revaluation Variance transactions.

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