Inventory Variance Defaults

Often, the stocks shown by books and physical stock vary, due to several reasons. By tagging the variance reasons to specific GL Accounts, you can track the value of stock variances accurately and take appropriate preventive/corrective steps.

Inventory variance defaults are defined using the Variance Reason GL Accounts * default setting under *GL Account Defaults. You can only choose the pre-defined variance reasons. Choose the GL account to map to and click Create.

You can Update as well as Remove these defaults at any time, by clicking the respective links.