Cost of sales and negative inventory

There's this scenario I'm battling with and wondering how to go about it. 
Item A setup for warehouse X. No quantity of A has been manufactured yet, but negative inventory has been allowed to sales of Item A has taken place. 
Now if Item A is finally manufactured, how does one get to post the cost of sales to the relevant ledger since that accounting entry did not take place at the time the item was being sold? Yes, post accounting entries for inventory has been allowed.



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Just to further clarify, as per this, https://erpnext.com/user-guide/stock/accounting-of-inventory-stock/migrate-to-perpetual-inventory how do I create a stock/accounting entry? I mean the system allows WIP, Finished Goods and other Warehouse linked accounts to be debited or credited through stock entry. But the docs linked to says "You have to manually sync stock and account balance through Journal Voucher" How to do that?

On Monday, 25 August 2014 16:59:45 UTC, Seraaj Muneer wrote:
There's this scenario I'm battling with and wondering how to go about it. 
Item A setup for warehouse X. No quantity of A has been manufactured yet, but negative inventory has been allowed to sales of Item A has taken place. 
Now if Item A is finally manufactured, how does one get to post the cost of sales to the relevant ledger since that accounting entry did not take place at the time the item was being sold? Yes, post accounting entries for inventory has been allowed.



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Negative stock should not be allowed in case of perpetual inventory, as we do not know purchase cost of those item at the time of delivery. We will add a validation for that. But till the validation added you can follow a trick, if you post manufacture entry on a previous date than delivery date system will book accountung entry for the delivery.

And to sync stock and account balqnce manually, check stock warehouse-wise balance from stock balance report and account balance from general ledger. And the adjust difference amount via journal voucher against warehouse account and cost of goods sold account, assuming stock balance is correct.

On 25 Aug 2014 22:51, "Seraaj Muneer" <si...@gmail.com> wrote:
Just to further clarify, as per this, https://erpnext.com/user-guide/stock/accounting-of-inventory-stock/migrate-to-perpetual-inventory how do I create a stock/accounting entry? I mean the system allows WIP, Finished Goods and other Warehouse linked accounts to be debited or credited through stock entry. But the docs linked to says "You have to manually sync stock and account balance through Journal Voucher" How to do that?

On Monday, 25 August 2014 16:59:45 UTC, Seraaj Muneer wrote:
There's this scenario I'm battling with and wondering how to go about it.
Item A setup for warehouse X. No quantity of A has been manufactured yet, but negative inventory has been allowed to sales of Item A has taken place.
Now if Item A is finally manufactured, how does one get to post the cost of sales to the relevant ledger since that accounting entry did not take place at the time the item was being sold? Yes, post accounting entries for inventory has been allowed.



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For more options, visit https://groups.google.com/d/optout.



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