Inventory Audit Report - Zero quantity but with value

[Former Member]

Hi All,

Our client are using FIFO costing, due to some backdated transaction we get 0 Qty but the value is not 0 when running Inventory Audit Report base on posting date (system date is fine) at the month end. I understand that the system calculate the cost base on system date and this is system behavior.

So, i just wanted to seek for advice from any expert in accounting especially on costing, will this 0 Qty with value report be accepted by auditor and will it caused any legal issue or this accounting practice is acceptable?

Thanks.

[marcella_rivi · Accepted solution]

Dear Mr Kong,

From what you said it looks like opening a message for this issue is the appropriate action this time.

The stock group will give you an update on this issue.

Kind Regards,

Marcella Rivi

SAP Business One Forums Team