Batch Close Variance Journal
Hi All,
In OPM Financials, journal that generated for batch transaction is like below:
Event Type: Batch Release
Work In Process Valuation (Dr) 10,000
Inventory Valuation (Materials) (Cr) 10,000
Event Type: Batch Completion:
Inventory Valuation (Finished Goods) (Dr) 12,000
Work In Process Valuation (Cr) 12,000
Event Type: Batch Close
Work In Process Valuation (Dr/Cr) 2,000
Batch Close Variance (Dr/Cr) 2,000
Is it right that batch close journal is differentiation between batch release WIP and Batch completion WIP?if it's right, what should we do with batch close variance account so batch close variance account will be 0?
Regards,