Hi Everyone,
We have two items that are sitting in our Inventory Valuation with both a Positive Inventory Value and one with a Negative Inventory Value but both items are NOT in stock (Qty of Zero)
Wonder how is this possible? I thought that once Inventory is Zero, Inventory Value should be zero as well since we have nothing in stock...
Also wondering if there is a way to fix this issue? We have tried the Revaluation Journal but nothing, since there is zero stock. And we have tried the Item Journal to positive increase the item to 1 and then negatively adjust it out with the increase + inventory value, but that didn't work.
Anyone have any ideas? We are using FIFO costing method. This one has me stumped -_- ](*,) ](*,) ](*,)
We have two items that are sitting in our Inventory Valuation with both a Positive Inventory Value and one with a Negative Inventory Value but both items are NOT in stock (Qty of Zero)
Wonder how is this possible? I thought that once Inventory is Zero, Inventory Value should be zero as well since we have nothing in stock...
Also wondering if there is a way to fix this issue? We have tried the Revaluation Journal but nothing, since there is zero stock. And we have tried the Item Journal to positive increase the item to 1 and then negatively adjust it out with the increase + inventory value, but that didn't work.
Anyone have any ideas? We are using FIFO costing method. This one has me stumped -_- ](*,) ](*,) ](*,)