Setting New Fixed Prices

The Revaluation of stock to a new fixed price is done by creating a document to level the value of stock. To carry out the process for the data shown here, see the chapter on Entering Fixed Prices, and especially its subchapter, Creating a Levelling Document.

Movements of this kind are posted to debit in the stock account (3100) and to debit in the account for initial variances from fixed prices (3191).

Value of Initial Variance from Fixed Price

The assignment of new fixed prices usually coincides with the new accounting period/fiscal year.

In the new accounting period, the entire value in account 319 is spread out between accounts 310 and 319, in line with the new fixed price. In the initial balance, balances from account 3190 are also transferred to the debit side of account 3191.

To calculate the value of the variance from fixed prices for purchases and consumption (3190), which must be transfered to the account for initial variance from fixed prices (3191), you can use the predefined automatic posting template. Let's say you have a negative debit balance in account 3190 at the end of the accounting period: -10 EUR.

You will exclude the journal entry lines for the start and end of the fiscal year, and will create a journal entry for transfering the post to the initial balance account, which you will create using the document type for opening the fiscal year.

• Stock

• Warehouse - Tracking by Fixed Price
• Fixed Prices
• Receiving Goods by Fixed Price
• Issuing Goods
• Warehouse Card
• Revaluating Stock
• Variance Owing to Consumption
• Refreshing Stock