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Elimination: Why does the report still captures the same value of inventory and COGS?
Hi,
I created inventory transfer using Arm's length. But upon elimination the report still captures the same value of inventory and COGS. As per HELP, during elimination it should automatically revalue the period-end inventory and Cost of Goods Sold (COGS) balances.
My GL Impacts are the following:
Fulfilment:
Item Receipt
Customer Invoice
Vendor Bill
Elimination:
Balance Sheet & Income Statement as attached.
Hope you can enlighten me on what preference I missed.
Thanks,
Janice
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