| Description |
1. Remove auto variance entry for avg costing method posting.
We need these only when
1. inventory is recovering from negative position
2. or stock become zero after the transaction which makes the adjustment entry. Otherwise we will have zero stock with a value.
Otherwise let the difference reflect in the current average cost. The rest of the stock will absorb the difference.
3. Use Inventory Adjustment account instead of Auto Variance account.
4. For FIFO, LIFO and Actual Cost, book the difference in price to the cogs account of the item
For example, IR $10, cogs $10. IR deleted or cost changed. New cost used or cost difference should be booked in COGS account of the item.
5. The above changes should reflect in the inventory rebuild utility
6. Remove Auto Variance account from 'Add Required' button of Category and Item setups
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