Material Varice Account Effect

[Former Member]

Hi,

In Gl Acounts Deternimination , Inventory tab we need define

Varience Account, Why we need To define this Account and How it Effects

Regards

srinivas

[Former Member · Accepted solution]

Variance Acct u2013Expense Acct. Only used for Items defined with u2018Standardu2019costing method. Difference between Cost Price and purchase pricein document posted.

Variance Account is used only for item for which the Inventory Valuation Method is set to 'Standard Costing'

[Former Member · Accepted solution]

Hi,

what you told is correct but my Items are are in moving average

only still In JE posted by Goods reciepts Po have some value in

variance account.

Regards

srinivas

[JesperB1 · Accepted solution]

HI Sura,

Check your account determination and probably this account has been defined as something else as well - meaning that the account used as variance account is used for more than one purpose.

Hope it helps.

Jesper

[Former Member]

You may use it to keep track of stock tracking and posting for example. When you write off materials, it has to post to certain account. Ussualy it will go to varience account.

Thanks,

Gordon