Examples of stock journal entries from Logistics

Example:

• Article ABC has a fixed settlement price (FSP) of € 5, a purchase price of € 6 and a sales price of € 15.
• Stock journalising is enabled.

  Suppose you discover a stock difference of article ABC: there are not 50 units present, but only 40 units. This will also result in an entry for 10 units * settlement price.

In the above example, you would get the following journal entries.

Stocktaking, enter stock and write off stock:

Deviating entry date of journal entry after stocktaking

The date used for stock journal entries when journalising is always the date on which the entry was added. If you are writing off stock on 1 February, the journal entry generated will also be dated 1 February with the fixed transfer price (VVP) valid on 1 February. You can only deviate from this journal date when stocktaking by entering the stocktaking line on a ‘deviating entry date' and thus creating a journal entry in the previous financial year. Suppose you count the stock on 1 January. You identify a difference of 10 units. You enter the stock difference via the stocktaking on January 2, but you set the deviating entry date to 31 December. Then the journal entry will be generated for 31 December of the previous year.

Note:

• The FSP is the FSP of the actual entry date, in this example that is 2 January. If you are going to change your FSP, then do so preferably after stocktaking!
• The deviating entry date must not be more than 3 months in the past, or in the future.

The journal entry remains the same if the FSP does not change.

See also: Add stocktaking