Hello,
I trying to understand what the variance quantity column on the HITB report represents. I would appreciate if you can provide me with any information that I can use.
When I run the HITB report I notice that sometimes there is a negative stock quantity shown in the variance quantity column, however both unit cost and extended value are seen as positive figures.
When I check the quantity column on the same report a negative quantity is also seen, however both the unit cost and extended value are seen as zero ($0.00)
I ran the HITB report for Jan’16 and compared it against transaction in the Wines & Sprits-Inventory - Finished Goods account for the same period and the following was noticed. See below
Account Number | 900-1510-00-135 | ||||||||||||
HITB Report | |||||||||||||
Date | Source | Document Number | Sum of Quantity | Sum of Value | Journal Entry | TRX Date | Originating Document Number | TRX Source | Sum of Debit Amount | Sum of Credit Amount | Sum of Total Amount | ||
1/1/2016 | IV | VAR004028 | (869) | ($52,982.85) |
| 851181 | 1/1/2016 | VAR004028 | GLTRX00389235 | $2,633.20 | $59,730.45 | ($57,097.25) | |
1/25/2016 | IV | TRF200131 | (406) | ($33,216.47) | 854539 | 1/25/2016 | TRF200131 | GLTRX00390014 | $0.00 | $33,216.47 | ($33,216.47) | ||
3/22/2016 | IV | TRF210102 | (60) | ($10,581.60) | 902489 | 3/22/2016 | TRF210102 | GLTRX00405394 | $0.00 | $10,581.60 | ($10,581.60) | ||
(1,335) | ($96,780.92) | Grand Total | $2,633.20 | $103,528.52 | ($100,895.32) | ||||||||