| # Inventory Variance (whina1616m000) Use this session to view individual inventory variance records. General Item In LN, the raw materials, subassemblies, finished products, and tools that can be purchased, stored, manufactured, sold, and so on. An item can also represent a set of items handled as one (kit), or exist in multiple product variants (generic item). You can also define nonphysical items, which are not held in inventory but can be used to post costs or to invoice services to customers. Examples of nonphysical items: Cost items (for example, electricity) Service items Subcontracting services List items (menus/options) Warehouse A place for storing goods. For each warehouse, you can enter address data and data relating to its type. Transaction Date The date on which the inventory variance is created. Sequence The number that identifies a data record or a step in a sequence of activities. Sequence numbers are used in many contexts. Usually LN generates the sequence number for the next item or step. Depending on the context, you can overwrite this number. You can sometimes influence the numbering by setting the corresponding parameters. Receiving Receipt The number of the receipt of the order line that created the inventory variance. Receipt The number of the receipt line of the order line that created the inventory variance. Payable Receipt Sequence The sequence number of the purchase payable receipt generated for the receipt and purchase order that created the inventory variance. Department The department, usually the purchase office, that created the purchase order or purchase schedule that created the inventory variance. Process Date The date on which the inventory variance was processed. Order Kind of Order The kind of order that created the inventory variance. Order The warehouse order number of the order that created the inventory variance. Order The position number of the line in the warehouse order that created the inventory variance. Order The internal sequence number of the order line that created the inventory variance. Quantity The item quantity of the inventory variance. Quantity The inventory unit by which the variance quantity is expressed. Inventory Variance Origin The origin of the inventory variance. Inventory Variance Origin Inventory Variance Sequence The inventory variance sequence number. For a particular order origin, order, order line, order line sequence, receipt, and receipt line, one or more variances can occur. Each variance is numbered by the inventory variance sequence displayed in this field. In this way, you can see which variance caused a particular financial transaction. This field obtains value 1 for the first combination of a particular origin, order, order line, order sequence, receipt, and receipt line. For the second combination of the same origin, order, order line, order sequence, receipt and receipt line combination, and so on, this field obtains value 2. For example, if a production order is closed with a price variance and an efficiency variance, LN generates two records, with sequence 1 and 2. If the production order is opened again, LN generates two new records, with sequence 3 and 4. Options To be Consumed by Inventory If this check box is selected, LN will attempt to consume all the variance by inventory when the Process Inventory Variances (whina1200m000) session is run. Any part of the variance that cannot be consumed by inventory is posted directly to Financials. If this check box is cleared, the entire variance will be posted directly to Financials when the Process Inventory Variances (whina1200m000) session is run. Processed If this check box is selected, the inventory variance is processed. A processed inventory variance is posted directly to Financials, or added to the inventory value. LN selects this check box if the inventory variance is processed with the Process Inventory Variances (whina1200m000) session. No Ownership Change If this check box is selected, the items to which the inventory variance pertains are customer owned. Print Inventory Variances Starts the Print Inventory Variances (whina1416m000) session. Process Inventory Variances Starts the Process Inventory Variances (whina1200m000) session. |