Ask Experts Questions for FREE Help !
Ask
    Manan Tariq's Avatar
    Manan Tariq Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Oct 26, 2015, 04:45 AM
    Inventory Audit Techniques
    Hy all,

    I'm having problems in reconcilling inventory in SAP ERP. On open items list report the inventory shown is that which is not yet paid or delivered to customer I am asking how can I resolve this issue
    paraclete's Avatar
    paraclete Posts: 2,706, Reputation: 173
    Ultra Member
    		  
    #2

    Oct 26, 2015, 05:11 AM
    Don't specifically know SAP software however at balance date inventory should consist of that which has not yet been invoiced, Items invoiced are customer property and part of accounts receivable. You will need to make balance date journal adjustments according to your company's accounting policy supported of course by documentation
Not your question? Ask your question View similar questions
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

How do I find the ending inventory using the FIFO Method through perpetual inventory? [ 0 Answers ]

How do I find the ending inventory using the FIFO Method through perpetual inventory?

How to find ending inventory using the average inventory cost method [ 3 Answers ]

The Boxwood Company Sells blankets for $60 each. Purchase 5 units 30$ Purchase 10 units 34$ Purchase 10 units 40$ Sale 3 units Sale 6 units Sale 3 units Assuming that the company uses the perpetual inventory system, determine the ending inventory for the month of May using the average...

Tax audit. Filed wrong 1099 forms from previous year and received an audit notice [ 1 Answers ]

In 2008 I filed my taxes for 2007 and used the wrong 1099 forms for that specific year, 2007. It seems my tax preparer used my 2006 1099 forms, for the year 2007, and my income was $70,000 higher in 2006 than 2007. Therefore, I reported $70,000 more income than actually earned. My tax preparer...

View more questions Search