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This text refers to program version 8.1  

Nominal Ledger Transactions from Stock Revaluations

When you mark a Stock Revaluation as OK and save it, a Nominal Ledger Transaction will be generated automatically if you have so determined in the Sub Systems setting in the Nominal Ledger and in the Number Series - Stock Revaluations setting. An example Nominal Ledger Transaction created from a Stock Revaluation record is shown below.

For each Item that you have revalued, postings to the value of the revaluation will be made to a Stock Account and to a Variance Account. If the revaluation reduced the value of an Item, the Stock Account will be credited and the Variance Account will be debited. If the revaluation increased the value of an Item, the Stock Account will be debited and the Variance Account will be credited.

The Variance Account(s) in the Nominal Transaction will be the Account specified in the Var. A/C field in the header of the Stock Revaluation record. By default, this will be the Stock Revaluation Variance Account specified in the Account Usage Stock setting. If you have entered a Stock Revaluation Variance Account in a particular row, that Account will be used instead of the Account entered in the header.

The Stock Account(s) in the Nominal Transaction will be determined as follows:

  1. The Stock Account specified for the Location will be used.

  2. If no Stock Account has been specified for a Location, and if you are using the Use Item Groups for Cost Accounts option in the Cost Accounting setting, the Stock Account for the Item Group to which the Item belongs will be used.

  3. If this is blank, the Item does not belong to an Item Group or you are not using the Use Item Groups for Cost Accounts option, the Stock Account in the Account Usage Stock setting will be used.
If a Stock Revaluation record contains several Items that use the same Variance and/or Stock Account, the resulting Nominal Ledger Transaction can contain separate double-sided postings for each Item, or a single accumulated posting. If you would like to use the first method, select the Separate Transaction rows per Item option in the Cost Accounting setting.

Any Objects specified in the header will be assigned to all postings to the Stock Account(s). If you are using the Object on Stock Account option in the Cost Accounting setting, these Objects will also be assigned to all postings to the Variance Account (unless you are using the Skip Header A/C Objects on Cost A/C option in the Account Usage P/L setting in the Purchase Ledger).

Any Objects specified on flip D of a Stock Revaluation row will be assigned to the posting to the Stock Account and to the posting to the Variance Account, providing in both cases that you are using the Object on Stock Account option.

Once the Transaction has been generated, you can look at it straight away using the 'Open NL Transaction' function on the Operations menu (subject to access rights set in the Access Groups setting in the System module).

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The Stock Revaluation register in Standard ERP:

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