Item Charge Revaluation Journals

Revalue item charges using revaluation journals for accurate costings.

This functionality is part of the Distribution Costs Management extension.

This journal can be used to correct or add specific item charge cost amounts to Value Entries, this impacts the item ledger entry Cost Amount (Actual) field.

Note

Posting an item charge revaluation journal will not create Posted Additional Charge entries in the same way as adding additional charges to sales, purchase or transfer orders.

Prerequisites

Inventory setup.

Item charges setup.

Item Charge Revaluation Journals

The Item Charge Revaluation Journal works in a similar way to the Item Revaluation Journals but lets you modify the amount posted against an Item Ledger Entry and Item Charge No, i.e. when a purchase order was posted with an Additional Charge for Freight.

• Navigate to Item Charge Revaluation Journals. Select the ITEM_CHARG batch or another batch that does not have the No. Series or Posting No. Series fields populated.

Field	Note
Posting Date	Default to today's date.
Document No.	This will default from the item ledger entry you select in the Apply Item Charge to Entry No. field.
Item Charge No.	Set the Item Charge No. you want to post a cost against.
Apply Item Charge to Type	Select the Item Ledger Entry Type, this is used to filter the Apply Item Charge to Entry No. lookup.
Apply Item Charge to Entry No.	Select the specific Item Ledger Entry you want to modify. Entering a value in this field populates other related fields on the journal line.
Amount	Modify this field to make an adjustment to the already posted Item Charge Amount. The Value Entry Amount (Revalued) field is updated to reflect the result of posting the journal line. By default, the field is populated a 100% reversal amount.
External Document No.	This is populated from the Item Ledger Entry but can be changed if necessary.
Invoiced Quantity	Displays, for information, the Item Ledger Entry Invoiced Quantity.
Value Entry Amount (Calculated)	Displays, for information, the amount already posted against the Item Ledger Entry and Item Charge No.
Value Entry Amount (Revalued)	Displays, for information, the result of posting the journal line given the Value Entry Amount (Calculated) and Amount values.

Cost amounts posted against positive Item Ledger Entries (i.e. goods in) are positive, cost amounts posted against negative Item Ledger Entries (i.e. goods out) are negative.

Note

Journal lines are created and posted against individual Item Ledger Entries. This means that if an item charge was posted against multiple lines on a document, i.e. sales delivery cost across an entire sales order, multiple journal lines must be created and posted.