| Inventory variance posting |  |
| Processing of inventory variances results in financial transactions that clear the interim variance account, and if possible assign the variance to inventory. The Variance Posting Date parameter in the Inventory Analysis Parameters (whina0100m000) session indicates the date on which the inventory variances are posted in the Financials. Variances are posted when you run the Process Inventory Variances (whina1200m000) session. You can select from the following options: Variance posting date Goods Receipt Date Variance Transaction Date Variance Processing Date Goods Receipt Date This option posts the processed inventory variances based on the transaction date on which the goods are received in the Warehousing. Variance Transaction Date This option posts the processed inventory variances based on the date on which the variance is actually recognized. You must use this option for inventory variances that have the following origins: Production For production variances like additional calculation office variance, efficiency variance, production price variance and so on, the variance posting date is the closing date of the production order. Same is the case for production variances where no end items are received in the Warehousing. Invoice approval For inventory variances related to invoice approval like invoice variance and expensed tax the variance posting date is the date when invoice is approved. Receipt price change For inventory variances related to receipt price change, the variance posting date is the date when price change is entered. Variance Processing Date This option posts inventory variances on the date the variances are procesed that is the current date. You must use this option for the following inventory valuation methods: Moving Average Unit Cost (MAUC) MAUC (by Warehouse) Note The Variance Processing Date (current date) cannot be prior to: The transaction date of the linked receipt. The historical stock date. The inventory valuation method change date. |